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Bad News For South Africans From July 1, 2022

South Africa's energy controller Nersa says that "no foreseeable endgame." is in the works.

Eskom customers were hit with a 9.7 percent increase in power costs on April 1st, following the country's recent burden shedding, and many expressed their displeasure.

To make matters worse, South Africans are expected to see another price increase in July.

It seemed as if things couldn't get any worse when Nersa, the energy controller, proposed yet another massive increase in power duty.


According to news reports, Nersa recently recommended an increase of at least 7.34 percent in the minimum wage.

In April of this year, the cost of electricity increased by 9.6 percent.

In South Africa, the typical electricity rate will rise from R1.33 per kWh to R1.46 per kWh as a result of the price increases, according to Neil Roets, CEO of Debt Rescue

Rising costs of basic necessities will push many South Africans to the brink of bankruptcy, according to Roets.

"Power costs for consumers have risen steadily over the past year.

"On April 1, 2021, South Africans were greeted by the largest growth rate in the nation's history: 15.6 percent. Customers bought R200 worth of power and received 137.74 real-world units of power in return. Only 136.98 R200s will be made in April 2022 if you buy one now "According to a BusinessTech article, he said.

For those who have the power to keep their families and businesses afloat, Roets warned that rising costs will have a direct impact on those who don't.

In addition, he said, the current burden shedding situation makes the rising cost of electricity even more difficult for South Africans.

"Instead, the cost of electricity has steadily risen for consumers over the last year.

"On May 1, 2021, South Africa experienced a 15.6% increase, one of the largest in the country's history. In the real world, R200 purchasers received 137.74 kilowatt-hours. Only 136.98 units will be available in April 2022 if you purchase a similar R200 "stated him.

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

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