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Tuesday 6 April 2021 - 5:05pm
Eskom is hoping to recover R10-billion from customers with its 15.6% tariff hike. With an economy in the doldrums and rising food and fuel costs, this latest blow by Eskom could not come at a worse time for consumers. Courtesy #DStv403
JOHANNESBURG - South Africans are literally paying the price for Eskom’s debt.
The power utility is hoping to recover about R10-billion from customers with its over 15-percent tariff hike.
But even with this, energy sector analyst, Roger Lilley says the government has to bail Eskom out.
He said, part of Eskom s cost structure, is the repayment of an enormous loan. The utility owes bankers, both locally and internationally an amount of R460-billion and they have to pay something of that every month and they have admitted that the revenue that they get from selling electricity alone, is not enough to cover the cost and still meet their commitments on those loans.