Eskom should not accede to Ramaphosa’s outrageous suggestion that it hold off on a tariff increase
President Cyril Ramaphosa says the country is in the grip of an energy crisis that has been years in the making. Picture: SANDILE NDLOVU
Eskom doesn’t manage to produce a lot of electricity these days but someone has to pay for it. If it’s not customers, it’s going to have to be taxpayers. How Ramaphosa plans to put this extra ask through the tax system is a question only he can answer. There’s little scope to hike taxes without crushing the economy even more than it is already being crushed by load-shedding.
What the president wants, he told the ANC Free State provincial conference at the weekend, is that Eskom should consider halting the hiking of electricity prices, “especially for now while our people are struggling under high levels of load-shedding”. He certainly has a point. Paying electricity prices that businesses and households, especially poorer ones, can’t afford for electricity that is not provided is an outrage in itself. It is hitting the economy hard.
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