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Regulator says Eskom can recover R32bn through higher tariffs

Cash-strapped Eskom had applied for R66.6 billion to compensate for costs.

South African energy regulator Nersa on Thursday gave power utility Eskom the go-head to recover R32.69 billion ($2.5 billion) of costs incurred over the past three years through higher tariffs, about half what the utility had requested.

Cash-strapped Eskom, which is battling to emerge from governance and financial difficulties, had applied for R66.6 billion to compensate for costs that were not factored in previous tariff increases granted by the regulator.

The regulator said it would announce at a later date when Eskom can raise tariffs to recover the costs. Eskom had said it would seek to recover the costs over a period of three years. 

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Now SA will pay the for the Gupta’s lavish lifestyle in Dubai. The cherry on the cake is that no one is in jail or accountable and Sing, Molefe, Brown is laughing all the way to the Bank!!

A pure monopoly cannot even run in SA! What does that have to say with the current leadership of this regime?

What a joke!!

Great so now we’re not only looking at higher petrol, VAT, tax and inflation, but more expensive power too! ANC can’t govern – sorry Ramaphosa, too little too late!

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