Eskom’s Call for 36% Price Hike Blamed on South African Politics --[Reported by Umva mag]

South Africa’s state-owned power utility said it had to ask for 36% increase in prices because of the government’s inability to rein in delinquent municipalities and errors made by the regulator in adjudicating earlier applications to boost tariffs.

Oct 14, 2024 - 21:16

Eskom’s Call for 36% Price Hike Blamed on South African Politics --[Reported by Umva mag]

(Bloomberg) — South Africa’s state-owned power utility said it had to ask for 36% increase in prices because of the government’s inability to rein in delinquent municipalities and errors made by the regulator in adjudicating earlier applications to boost tariffs. Read More

The following news has been carefully analyzed, curated, and compiled by Umva Mag from a diverse range of people, sources, and reputable platforms. Our editorial team strives to ensure the accuracy and reliability of the information we provide. By combining insights from multiple perspectives, we aim to offer a well-rounded and comprehensive understanding of the events and stories that shape our world. Umva Mag values transparency, accountability, and journalistic integrity, ensuring that each piece of content is delivered with the utmost professionalism.