- South Africa's utility company, Eskom has been granted only 24.8 percent tariff hike according to the decision made by the national regulator today.
Eskom had asked for a 35 percent tariff increase which was said to be earmarked largely for its multi-billion power expansion bill.
According to the national regulator, Eskom has further been granted increases of 25.8 percent and 25.9 percent for the next two financial years.
The utility company had applied for a tariff hike amidst pressure on its capacity following on last year and the previous year power shortages that saw a number of industries grumbling.
Eskom has blamed most of its capacity headaches to lack of investment and commitment on the part of government to renew and service its ageing infrastructure.
afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda.
afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries.
afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease.
afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared.
afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.
front page
| news
| countries
| archive
| currencies
| news alerts login
| about afrol News
| contact
| advertise
| español