Several metros have posted their tariff increases as South Africans will have to dig deeper into their pockets as these increases come into effect next month.
South Africans will have to find room to accommodate even more financial pressures as municipal rate increases come into effect on 1 July 2023 – with eThekwini residents facing some of the sharpest tariff hikes.
While the rate increases coming on 1 July are still steep and above inflation, some of the municipalities revised their draft rates downwards due to regulatory guidelines and public comment, among other things. “We have noted the response by residents to this increase,” the city said, “Hence we are tabling the revised figure.”
Nersa proposed that municipalities only increase electricity tariffs by 15.1%, meaning municipalities – including the major metros – will have to limit their increases to this amount unless they have compelling reasons and a motivation to deviate. Additionally, according to Cape Town’s mayoral committee member for finance, Siseko Mbandezi, about 70% of Cape Town’s tariff income will go towards buying bulk electricity from Eskom, with the remaining 30% invested in service delivery and ending load shedding.Several notable municipalities have posted their final tariff increases for 1 July 2023, and most have adjusted their draft rates alongside eThekwini.
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