Further 20% increase in Eskom electricity tariffs is both unjustified and unacceptable
6 June 2017
A further 20% increase in Eskom electricity tariffs is both unjustified and unacceptable, says the Cape Chamber of Commerce and Industry.
"Eskom's huge increases have done enough damage to the South African economy and it is time to say enough is enough," said Ms Janine Myburgh, President of the Chamber. "Recent events and disclosures have made it abundantly clear that we have been paying for corruption. We have been robbed."
The evidence was plainly visible in coal purchases where Eskom was over paying its coal suppliers by billions of rands.
"According to Eskom annual reports, Eskom spent about R10 billion on coal in