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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Noh Noh
Fun South African Fact: South Africa in size is three times the size of Texas and five times the size of Japan.
Chameleon
Hopefully my journey through MyZA will be as EVENTFUL as it has been enjoyable so far.