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A word of caution for South Africans: beginning on July 1, 2022

Source: https://www.thesouthafrican.com/lifestyle/eskom-electricity-price-hike-july-2022/

According to Nersa, which regulates South Africa's energy industry, there is "no foreseeable endpoint." in the works.


On April 1st, customers of Eskom were struck with a 9.7 percent rise in the cost of power, which came as a direct result of the recent burden shedding that took place in the country, and many of them expressed their dissatisfaction with this hike.


To make life even more difficult for South Africans, it is anticipated that there will be yet another price increase in the month of July.


When Nersa, the energy controller, recommended yet another large increase in power duty, it appeared as though things couldn't get any worse than they already were.


Recent recommendations made by Nersa call for an increase in the minimum wage of at least 7.34 percent, according to the reports in the news.


The price of power had a 9.6 percentage point spike in April of this year.


According to Neil Roets, the Chief Executive Officer of Debt Rescue, the average cost of power in South Africa will increase from R1.33 per kWh to R1.46 per kWh as a direct consequence of the price rises.


According to Roets, an increase in the cost of fundamental goods and services will bring an unacceptable number of South Africans to the verge of financial ruin.


"During the course of the past year, there has been a consistent increase in the price that customers pay for electricity.


"On April 1, 2021, the people of South Africa were greeted by the news that their country had had the highest growth rate in the history of the nation: 15.6 percent. Customers who spent R200 for power received 137.74 real-world units of power in return for their purchase. If you buy one now, there will only be 136.98 R200s left in production when April 2022 rolls around." He stated this in accordance with a BusinessTech article, as the article states.


Roets advised individuals who do not have the ability to keep their families and enterprises afloat that growing costs will have a direct impact on those who do not.


In addition to this, he stated that the current situation of burden shedding makes it even more challenging for South Africans to deal with the ever-increasing cost of electricity.


"Instead, over the course of the past year, there has been a consistent increase in the price that customers pay for electricity.


"On the first of May in 2021, South Africa saw an increase that was one of the greatest in the history of the country. This growth was 15.6%. Customers who spent R200 actually received 137.74 kilowatt hours of power from their purchase. If you acquire an R200 model that is comparable, there will be a total of only 136.98 units available in April of 2022 "He expressed his opinion.

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