South African President Cancels Davos Trip Amid Energy Crisis

an 18.65% tariff increase granted by the National Energy Regulator of South Africa , saying it would"positively contribute from a financial and sustainability point of view". Eskom initially sought an increase of 32%, citing higher costs for fuel, decreased generation capacity higher prices from independent power producers. The electricity price hike is expected to take effect from April 1, 2023, with an additional 12.74% tariff increase set for 2024.

The country is currently experiencing Stage 6 loadshedding, with rotating power cuts for eight to 12 hours a day. Local news website

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Eskom's price hike will devastate poor, working people: SAFTU - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The South African Federation of Trade Unions (SAFTU) has expressed outrage at the National Energy Regulator of South Africa’s decision to grant Eskom an above inflation double-digit electricity tariff hike. The increase will allow ANC to fix load shedding in their strongest support base to keep a huge chunk of voters...at least 30% they are here to stay in one way, shape or form..probably emulating Satan bringing hell on earth 🌎
Source: SABCNews - 🏆 37. / 51 Read more »

Ramaphosa cancels Davos trip to deal with energy crisisPresident Cyril Ramaphosa on Sunday announced he has cancelled his working visit to the World Economic Forum in Davos, Switzerland, due to the the ongoing energy crisis. Who care RamaPROMISES , blah, blah As if he will make sure. What is he going to do?
Source: TimesLIVE - 🏆 28. / 59 Read more »