Ramaphosa's Eskom rescue plan means the power utility might have to ask for a higher tariff increase

[mylesillidge]

Eskom could ask for more than 32.66% tariff increase after Ramaphosa speech

Eskom applied to the National Energy Regulator of South Africa (Nersa) for a 32.66% electricity tariff increase from 1 April 2023 and will now have to adjust its application after President Cyril Ramaphosa's power plan announcement.

This is according to Eskom's chief financial officer Calib Cassim, who told Rapport that it would need to be adjusted to account for additional power purchases and other expenses relating to Ramaphosa's power plan.

 

[RonSwanson]

Eskom was the goose that laid the golden eggs, but the greedy ANC cadres killed it with their mandate from the ANC voters. Now the voters are crying over spilt milk.

Amandla! BEE and AA forever!

 

[Hemi300c]

Everything they have anything to do with turns to shyte, it's the african way.

 

[mojoman]

Wont be getting that from me soon...

 

[Fuzzbox]

With that said now is the EXACT time to sell it off and PRIVATISE the utility.

The only company in the world that sells a product but yet tells its customer to use sparingly.

 

[skimread]

I will agree if I get a 32.66% reduction in tax

 

[Pegasus]

But this wasn’t part of his last plan from July? Or is this the new plan? Or does apply to the Eskom 2 plan?

 

[RedViking]

With our without the "rescue" plan, we are expecting massive tariff increases.

 

[disiza]

When will it be enough, after they have completely brought the country to it knees!

 

[borro]

For economic growth <3

 

[Herr der Verboten]

Eskom could ask for more than 32.66% tariff increase after Ramaphosa speech

Eskom applied to the National Energy Regulator of South Africa (Nersa) for a 32.66% electricity tariff increase from 1 April 2023 and will now have to adjust its application after President Cyril Ramaphosa's power plan announcement.

This is according to Eskom's chief financial officer Calib Cassim, who told Rapport that it would need to be adjusted to account for additional power purchases and other expenses relating to Ramaphosa's power plan.

amagad! the drama pulled me right in and I clicked. and clicked.

 

[TEXTILE GUY]

pay more for power

meantime -

• free grants
• free water
• free basic electricity
• salary increases for parliament
• De Ruyter salary R7m
• South Africa’s government has spent R1,981,000.00 ($116,147.34) on the procurement and installation of electricity generators at the homes of its Ministers since 2021 and a further R652,750.00 ($38,211.82) since the first half of 2022

why?

 

[Utterly Confused]

Everything they have anything to do with turns to shyte, it's the african way.

Yip! the cANCer was handed the State Owned Enterprises’ on a silver platter. Now look what has happened to them, all fscked. Now the cANCer want to start a NHI, more wasted tax payers money. The cANCer couldn’t even orgy-nize a fsck in a whore house.

 

[Herr der Verboten]

pay more for power

meantime -

• free grants
• free water
• free basic electricity
• salary increases for parliament
• De Ruyter salary R7m
• South Africa’s government has spent R1,981,000.00 ($116,147.34) on the procurement and installation of electricity generators at the homes of its Ministers since 2021 and a further R652,750.00 ($38,211.82) since the first half of 2022

why?

Payrolled black anc voters?

dont worry the taxpayers will pickup the tab as always.

 

[TEXTILE GUY]

Payrolled black anc voters?

dont worry the taxpayers will pickup the tab as always.

Unfortunately

Out of 115 countries with substantial tax data, South Africa ranks as the 8th-most-taxed country in the world, just behind New Zealand and Sweden.

According to Valev's data compiled in June last year, South Africa's average electricity price is R2.558 per kWh. This is about 45c more than the global average of R2.109 per kWh.

 

[Cranjus McBasketball]

I'm on to them. Make it so expensive that no one will be able to afford to use it. No demand = problem solved.

 

[mypetcow]

pay more for power

meantime -

• free grants
• free water
• free basic electricity
• salary increases for parliament
• De Ruyter salary R7m
• South Africa’s government has spent R1,981,000.00 ($116,147.34) on the procurement and installation of electricity generators at the homes of its Ministers since 2021 and a further R652,750.00 ($38,211.82) since the first half of 2022

why?

• free grants --> Grants are by definition free - can't really let the poorest of the poor population just die on the streets either
• free water --> See above. Also the cost to treat sick people is more than the cost of providing clean water to people so that they don't get sick
• free basic electricity --> See above. It's for a minimal amount. When you're prepared to pay your gardener or maid R50 an hour or R400 a day they won't need to free electricity to cook food or to charge their phone when back home.
• salary increases for parliament --> Got to keep up with inflation - just because your employment contract doesn't account for inflation doesn't mean theirs shouldn't
• De Ruyter salary R7m --> Pretty low for a CEO of a company of this size. Clover's CEO for instance earns something like R40m a year...
• South Africa’s government has spent R1,981,000.00 ($116,147.34) on the procurement and installation of electricity generators at the homes of its Ministers since 2021 and a further R652,750.00 ($38,211.82) since the first half of 2022 --> Can't run a country if your ministers are unavailable. As with any company government will provide their employees with the tools and tech needed for them to do their job despite all issues surrounding them that still need to be resolved (i.e. load shedding)

Also just get yourself a small solar system to offset your cost to Eskom. You don't need to go backup battery and all for now, just minimise the what you need to buy from Eskom...Either that or sell your house and rent i back or voice your concern to your local mayor (seriously)

 

[buchanan8]

Eskom was the goose that laid the golden eggs, but the greedy ANC cadres killed it with their mandate from the ANC voters. Now the voters are crying over spilt milk.

Amandla! BEE and AA forever!

You can never have enough BEE! It worked wonders at Eskom, SAA, Transnet, SABC and everywhere else it's been enforced.

 

[Herr der Verboten]

Unfortunately


View attachment 1357149

Countersplain Cadres soon.

Incoming Clever Cadres Countersplaining Posts

 

[TEXTILE GUY]

• /snip

• free grants --> Create an environment conducive to employment
• free water --> See above.
• free basic electricity --> See above.
• salary increases for parliament --> Paid for by the taxpayer who may not have had that benefit
• De Ruyter salary R7m --> See above
• South Africa’s government has spent R1,981,000.00 ($116,147.34) on the procurement and installation of electricity generators at the homes of its Ministers since 2021 and a further R652,750.00 ($38,211.82) since the first half of 2022 --> poorest of the poor, or the entitled of the entitled?

Its just crazy in SA right now.

This is particularly worrying as there were only 5.2 million individual taxpayers in 2020, Goliger said. “These 5.2 million individuals, representing approximately 9% of the population, contribute 40% of South Africa’s total tax revenue. Breaking it down further, about 20% of individual taxpayers contributed to three-quarters of personal income tax revenue in 2020.”

Apart from paying tax, (for services) we must fork out for solar, and a jo jo tank, and a security company, (ie) pay twice, once for a dysfunctional public service and twice for a functional private service ........... eish.

Also consider

Over the last three years, almost R7.5 billion of government expenditure was fruitless and wasteful, the report found.

That would be people, whose salaries we pay, who have squandered our (the taxpayer, not the poorest of the poor, our) money.

Personally, I have lost all hope in the government and the direction that they are sending us.

They have reamed the taxpayer so badly, even the groot gat in Kimberly looks like a virgin.