WHILE many expressed reservations, residents and businesses in Nelson Mandela Bay nonetheless welcomed a decision to rein in Eskom's annual tariff hikes to 8% – half of what the utility wanted – for the next five years.
Most said the announcement by the National Energy Regulator of SA (Nersa) yesterday was good news, but some felt it was still a cost pressure citizens and businesses did not need.
The hike is effective from April 1.
In his reaction, Nelson Mandela Bay Business Chamber chief executive Kevin Hustler was "grateful" that Nersa had listened to the combined voice of business, labour and civil society.
"The proposed tariffs were uncompetitive and unsustainable for our country as a whole, and they would have stifled economic growth and development into the future," Hustler said.
- If you now pay R300, you will pay R324 from April this year; R350 in 2014; R378 in 2015; R408 in 2016
- ýf you now pay R500, you will pay R540 from April this year; R583 in 2014; R630 in 2015; R680 in 2016
- If you now pay R900, you will pay R972 from April; R1050 in 2014; R1134 in 2015; R1225 in 2016
- If you now pay R1500, you will pay R1620 from April; R1750 in 2014; R1890 in 2015; R2040 in 2016
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