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South Africans must brace for possible electricity price hike: Expert – SABC News – Breaking news, special reports, world, business, sport coverage of all South African current events. Africa’s news leader. | SA News

Energy expert Professor Samson Mamphweli says South Africans should brace for another possible electricity price hike due to the National Energy Regulator of South Africa (NERSA) is not likely to face consequences for its recent blunders.

A few days ago, NERSA confirmed that it had entered into an out-of-court settlement with Eskom, following the mistakes it made in determining the power utility’s revenue for the current and next two financial years.

As a result, consumers will have to fork out up to R54 billion more through higher electricity tariffs, phased in over two years.

Electricity tariffs are now three times higher than the anticipated consumer inflation rate.

“It is the…

Eusebius McKaiser: A prominent political analyst and radio host, known for his
engaging discussions on current affairs.

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