Hiking Eskom tariffs is like rewarding inefficiency, says DMRE official

The original article can be found here.

Article Highlights:

  • DMRE deputy director-general Tseliso Maqubela said granting high tariff increases to Eskom pushed manufacturers to export their capabilities.
  • Maqubela said businesses were likely to find markets where energy costs were cheaper.
  • While he praised the merits of plans to break Eskom down into three entities, Numsa president Andrew Chirwa dismissed this as privatisation by other means.