chopsky
Expert Member
Government sets out Inflation Targets of between 3 and 6%, but they themselves cannot even keep to their own targets. Everyone blames the cost of living, but where does the cycle begin when it come to inflation other than with the Government itself?
This years Electricity Tariff increase was more or less 42% for our area. I suspect they are looking for a similar increase for this coming year and the next?
Eskom just needs reasons to ratify it's huge tariff increases with the Regulator. Last year it was Load Shedding and new Power Stations.
This year it looks to me as if they are going to try the same approach as what was done with Water Tariffs. The more you use the more you pay. It looks like it is leading up to this?
A sliding scale of penalties on the outset, but ultimately disguised as another way of bypassing the Regulator and making their Tariff Increases look acceptable and justifiable. They wont cut you off if you use too much, you will just pay the penalties. Mark my words, Electricity in a couple of years will be charged out on a sliding scale.
I am just so sick of this. Nothing is cheap in this country any more. Government Departments are hell bent on getting their pound of flesh out of the Public's pocket. It will never end as this inflationary stance just spirals out of control and before you know it our money is worth nothing. It already is worth squat. The Rand has been debased so much and the buying power of One Rand is virtually buggerall. What can you buy with a Rand any more?
Eskom can blow it's horn to the cows come home. They claim that the Public are to blame as a result of consumption, but surely this extra consumption comes out as Revenue for them??
What about the Country as a whole. The extra electricity capacity is needed because of the expansion in the Economy seen quite clearly in our Budget Surplus the last few years. Surely then SARS has received proportionally more revenue as a result of the growth in the Economy. So why was the extra money not ploughed back into infrastructure?
Eskom/Government may be pointing a finger at the Public, but they have 4 more fingers pointing back at themselves.
On the money. This is why Central Planning DOES NOT work.
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