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Good news about electricity prices in South Africa | SA News


A South African court rejected a R54 billion ($3.2 billion) settlement between the nation’s energy regulator and electricity provider over a tariff-calculation mistake that would have seen power prices raised by more than previously permitted, Moneyweb reported.

The High Court in Pretoria handed down the ruling on Sunday, the Johannesburg-based website reported, citing court documents.

Judge Jan Swanepoel said the parties didn’t provide an explanation on how they arrived at the figure, and that the “compromise was…

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