So, the net effect is a near doubling of the tariff over the next 3-years...with lots of second round cost implications and consequences. It will certainly be interesting to track the impact of this following earlier increases of 31.3% and 27.5% on SA's recovery trajectory and global competitiveness...and ability to create jobs, especially since the "new" industrial policy targets growth in domestic manufacturing. Seems like a own goal to me...
Not as good recipe for growth and blacks out also bad.... reality is we (SA) have wasted years of being told that the situation is dire and things need to be done. The then Government said private industry must invest as goverment would do nothing. Now that nothing has been done and private industry has tried to get a reasonable rate for investment,without success or commitment rom goverment who want the monopoly in every case, we are sitting with the "dambed if we do and dambed if we dont".
SA has unfortunately had to cheap electricity for decades and now we have to accelerate the growth in a very short period for the mistakes of the past. But I doubt somehow that the consumer is going to really care, especially the "we demand" crowd cause they just use and then dont pay anyway.
This is a crazy country. Government is slowly and in a methodological way choking the goose that's laying the golden eggs. This is nothing more than a tax indirectly being paid to the ANC through Hitachi and their R 6 bil rand deal with Eskom. Corruption in this country has reached crisis levels. It seems that not even the media has got the capacity to cover all the stealing and pillaging anymore. We are already the biggest welfare state in the world. It's so simple to buy masses of votes through meagre handouts to the poor, just to keep their mouth shut and their votes in place. In the meantime, being in power gives the fat cats the opportunities to help themselves to millions of blood money. What future does this country have?
Kwagga, like I said about "our fay boy", we must keep on exposing the details, not only allegations, but the facts. No, this will not embarress (spelling?) them, but will keep on exposing their lies. Some of the masses will turn, like now Vavi and co and the commies. We must have much more direct confrontation with the lies, corruption and lack of responsability.