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South Africa Power Price to Rise 5.2%, Less Than Eskom Asked
JOHANNESBURG (Capital Markets in Africa) – South Africa’s energy regulator gave the state-owned power utility permission to raise its prices by an average of 5.2 percent from April 1, three quarters less than what the cash-strapped company had asked for. Eskom Holdings SOC Ltd., which generates almost all of the nation’s electricity, had asked the National Energy Regulator of South Africa to allow it to increase tariffs by an average of 20 percent. Nersa Chairman Jacob…
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