Cost of ferrochrome electricity deal cannot be ‘socialised’, Ramokgopa reiterates

Electricity and Energy Minister Dr Kgosientsho Ramokgopa has reiterated that the cost of the solution being pursued to salvage South Africa’s ferrochrome smelters, most of which have been closed on the back of surging electricity tariffs, cannot be subsidised by other consumers. Speaking to Radio 702 from the World Economic Forum in Davos, Switzerland, Ramokgopa confirmed that he was meeting with some global mining CEOs on a proposed solution, which had already been canvassed with domestic CEOs and labour leaders.