TOP STORY | Eskom pleads for tariff hikes and state bailout to avert disaster
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Eskom teetering on brink of debt trap, Hadebe saysEskom CEO Phakamani Hadebe says that if the price of electricity is not increased over the next three years, the institution will struggle to improve its financial position.
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Hadebe: 'If we keep running Eskom the same way, we're in trouble'CEO Phakamani Hadebe says even if it’s granted a 15% increase in the price of electricity, for three years, Eskom would still have an R50 billion debt hole to plug.
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Eskom's proposed tariff hikes risk making mining unsustainable – CEO of Minerals CouncilGranting Eskom the type of tariff hikes it is requesting from the National Energy Regulator over the next few years risks making mining in the country unsustainable, the CEO of the Minerals Council of SA has said.
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Cope to ‘vigorously’ oppose Eskom bid to get electricity tariff increaseEskom CEO Phakamani Hadebe has pleaded with the National Energy Regulator of South Africa (Nersa) to consider the power utility's uncertain financial situation.
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