South African municipalities may face collapse if Eskom price hikes approved

[Daniel Puchert]

Eskom price hike warning

If Eskom's proposed price hikes are approved, municipal debt to the utility will increase from an already vast sum of R75 billion, and its more affluent consumers will turn to alternative sources of energy.

These were arguments made by South Africa's municipalities to the National Energy Regulator of South Africa (Nersa) as part of the body's stakeholder comments process, Sunday Times reported.

 

[Thugscub]

Municipalities have been stolen blind by the comrades. So no difference.

 

[UB40]

Increase VAT from 15% to 25% like in Sweden. You don't see them sitting in the dark