Inflation weary consumers who are still struggling to absorb last year’s surge energy prices will probably not want to hear this, but according to Eskom electricity prices in SA are still low when compared with global trends.
But the proposal comes at an inopportune time for pandemic-hit consumers and businesses as they struggle to absorb a 40% rise in fuel prices and another 15% increase in electricity prices in 2021. If granted, it could also put the Reserve Bank in a tight spot as it will need to strike an even finer balance of taming inflation that registered its biggest annual increase in December without undermining the tentative economic recovery.
The report showed that electricity prices in SA were on par with prices charged in India, China, Indonesia and Vietnam and significantly lower than those charged in most European countries and several in African.
Why do they compare prices in dollar terms In reality as a % of average incomes , SAns spend significantly more on electricity than anywhere else.
P*ss off Eskom!
as is the supply of electricity... shocking
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Aagh Eskom, go suck on an egg....
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Eskom should stop making enemies of its customers. If they don't watch it, they will struggle like SANRAL! Arrogance never pays!
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This pisses me off. I hope they not comparing prices in $ value because rand is shit with no buying power. It's fact that consumers can't afford such a burden. People don't have jobs for God's sakes. All this means even less will pay now and the burden shifts to taxpayers