The Steel and Engineering Industries Federation of Southern Africa (Seifsa) says Eskom’s 18.65% tariff increase comes at a time when the cost of living is already exorbitantly high for many South African households and businesses and will see investment being redirected from growth initiatives to survival efforts.
While the federation acknowledges that the National Energy Regulator of South Africa, which granted Eskom the increase, has a difficult balancing act to manage, the increase has been granted when Eskom cannot provide sufficient electricity to its customers at the moment and into the foreseeable future.
