• All Share : 48580.20
    DOWN -1.09%
    Top 40 : 3769.82
    DOWN -2.28%
    Financial 15 : 14691.02
    DOWN -0.78%
    Industrial 25 : 58962.20
    DOWN -0.55%

  • ZAR/USD : 10.8954
    UP 0.48%
    ZAR/GBP : 17.4593
    DOWN -0.26%
    ZAR/EUR : 13.7485
    DOWN -0.44%
    ZAR/JPY : 0.1001
    DOWN -0.44%
    ZAR/AUD : 9.6018
    UP 0.01%

  • Gold : 1204.2550
    DOWN -0.68%
    Platinum : 1245.5000
    DOWN -0.57%
    Silver : 16.5670
    DOWN -3.25%
    Palladium : 778.0000
    DOWN -1.39%
    Brent Crude Oil : 86.290
    DOWN -0.95%

  • All data is delayed by 15 min. Data supplied by I-Net Bridge
    Hover cursor over this ticker to pause.

Thu Oct 30 16:30:47 SAST 2014

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.