THE BAD

Finweek English Edition - - IN BRIEF -

In­dus­try and civil so­ci­ety groups are slam­ming an ap­pli­ca­tion by em­bat­tled power util­ity Eskom for a 25.3% hike in the price of elec­tric­ity for the 2015/16 fi­nan­cial year, in­clud­ing the 12.69% in­crease that has al­ready been ap­proved by reg­u­la­tor Nersa. The ad­di­tional in­crease is sought to pay for its open-cy­cle gas tur­bines and short-term power pur­chase pro­gramme while it bat­tles to com­plete new power sta­tions Medupi and Kusile.

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