• All Share : 52933.71
    UNCHANGED0.00%
    Top40 - (Tradeable) : 46878.43
    DOWN -0.02%
    Financial 15 : 16869.99
    DOWN -0.87%
    Industrial 25 : 67379.67
    UP 0.46%
    Resource 10 : 41482.76
    DOWN -0.90%

  • ZAR/USD : 12.0989
    UP 0.48%
    ZAR/GBP : 18.4453
    DOWN -0.07%
    ZAR/EUR : 13.1808
    UP 0.45%
    ZAR/JPY : 0.0968
    UNCHANGED0.00%
    ZAR/AUD : 9.2507
    DOWN -0.56%

  • Gold US$/oz : 1186.38
    DOWN -0.14%
    Platinum US$/oz : 1116.95
    DOWN -0.14%
    Silver US$/oz : 16.65
    DOWN -0.24%
    Palladium US$/oz : 784.63
    DOWN -0.23%
    Brent Crude : 62.33
    UP 0.06%

  • All data is delayed by 15 min. Data supplied by Profile Data
    Hover cursor over this ticker to pause.

Thu May 28 13:47:25 SAST 2015

Let's not pretend Eskom's 8% hike is any kind of mercy: iLIVE

Robert Nicolai, Howick | 06 March, 2013 01:01
Powerlines. File photo.
Image by: Mark Wessels

We have become far too accepting of our state-run monopolies' irrational tariff hikes. They expect us to be grateful for an 8% electricity price increase after softening us up with a ridiculous 16% proposal. For the past 12 years, coal prices have escalated by only 3.8% a year on average, while the national inflation rate was 5.7% for 2013.

If Eskom stopped giving away electricity to neighbouring countries and South African non-payers, we could have an increase that would allow our economy to grow and jobs to be preserved . State-run entities should not be permitted to raise their tariffs by more than resource- and national inflation-linked amounts .

How can we trust a government that loses at least R20-billion a year to fraud and mismanagement to charge us as little as needed for essentials on which it holds a monopoly?

SHARE YOUR OPINION

If you have an opinion you would like to share on this article, please send us an e-mail to the Times LIVE iLIVE team. In the mean time, click here to view the Times LIVE iLIVE section.