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Eskom|Financial|Maintenance|Operations
Eskom|Financial|Maintenance|Operations
eskom|financial|maintenance|operations

PULLING THE RUG

3rd February 2023

By: Darlene Creamer

     

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The call by President Cyril Ramaphosa for the Eskom board to consider ways of postponing the 18.65% tariff increase approved recently by the regulator has received support from cash-strapped and loadshedding-fatigued consumers. However, it also lacks any legal basis and has the potential to cause significant commercial damage to Eskom at a time when financial certainty is needed regarding whether it can cover the costs of operations and much-needed maintenance, as well as to expand the grid to cater for crucial new generation.

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