Eskom was hoping for an interim price increase of 34%, and were not far off their target: on 25 June 2009 the National Energy Regulator of South Africa (NERSA) approved an average price increase of 31.3% for Eskom.
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This is the last thing the SA consumer needed. Admin inflation is going through the roof while Tito is not helping with interest rates. Interest rates did not come down last month, because of the high inflation. But the high inflation is part to blame on high administration cost from government. Now the consumer gets punished! Mad!
You’re absolutely right. The price of power has also been a factor in pushing food prices up, which isn’t good news for consumers at all.
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