Johannesburg — THE decision by the National Energy Regulator of SA (Nersa) to grant Eskom a 24,8% tariff increase has been slated by unions, political parties and the South African Chamber of Commerce (Sacci), which say it could lead to the loss of 250 000 jobs.
"Energy constitutes a major input cost for a large proportion of businesses. The increase will probably have an adverse impact on investment in production," the chamber said yesterday. "Sacci estimates that approximately 25 000 jobs will be lost as a consequence, and it will be a factor in CPI (consumer price index) remaining outside the target range."
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article