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Eskom's R92-billion gift to South Africa's biggest electricity user
Calculations by Meridian Economics have revealed that Eskom's 50% discount awarded to South32's Hillside aluminium smelter will cost the power utility R92 billion in forgone revenue over the contract's duration.
Speaking to 702, Michael Marchant, Open Secrets' Head of Investigations, noted that the discount was awarded to help create manufacturing jobs and enable South Africa to be competitive in the sector.
Calculations by Meridian Economics have revealed that Eskom's 50% discount awarded to South32's Hillside aluminium smelter will cost the power utility R92 billion in forgone revenue over the contract's duration.
Speaking to 702, Michael Marchant, Open Secrets' Head of Investigations, noted that the discount was awarded to help create manufacturing jobs and enable South Africa to be competitive in the sector.