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May 25 2012 13:58
The costs of the first phase of the Gauteng Freeway Improvement Project have increased significantly to almost R90bn, according to a report.
May 24 2012 17:31
The Reserve Bank will maintain current interest rates, and a considerable reduction in the local petrol price is anticipated, says governor Gill Marcus.
May 25 2012 11:36
The JSE has identified and stopped "incorrect" trades from one of its members, and will reverse the trades and lower the session's total value after the close.
Eskom's tariff submission had not been received by the National
Energy Regulator of SA (Nersa) by late Wednesday afternoon.
A spokesperson who declined to be named said "nothing" had
arrived.
Earlier Nersa said it had denied Eskom's request for an
extension of the deadline for its tariff submission.
It added that Wednesday was definitely the deadline for the
submission.
"Eskom did request an extension but it was not granted," the
regulator confirmed.
Eskom's spokesperson Andrew Etzinger said earlier that the
submission had been completed and complied with the filing
regulations of Nersa.
He also confirmed that the document would be sent to the
regulator on Wednesday.
"I can't say exactly when... it's a matter of pressing the send
button," he added.
Etzinger said the tariff submission would also be sent to the
National Treasury as well as to the SA Local Government Association
(Salga).
Asked what Nersa could do if it did not receive Eskom's
submission shortly, it replied that it would deal with the
situation in line with section 18 of the Electricity Regulation
Act.
"If it is alleged that a licensee has contravened or failed to
comply with a licence condition or any provision of this Act, the
Regulator may sit as a tribunal to decide on the allegation," Nersa
said.
- Sapa