• IS provokes sea-change

    It has been a grave mistake to defy both Russia and France, says Leopold Scholtz.

  • Nene's SAA nemesis

    No political figure seems to have the guts to speak out against Dudu Myeni, says Solly Moeng.

  • The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

All data is delayed
See More

Young communists question BHP deal

Oct 24 2012 08:01

Company Data


Last traded 176
Change -8
% Change -4
Cumulative volume 560202
Market cap 0

Last Updated: 27-11-2015 at 11:22. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

EIUG: Electricity increases prohibitive

Eskom: We share your aims

Busa to examine Eskom tariff request

DA, Cope reject Eskom tariff request

Why Eskom wants 16% price hike

Eskom's 16% hike necessary, says Gigaba


Johannesburg - Eskom's attempt to overturn a controversial electricity deal with BHP Billiton [JSE:BIL] should be supported, the Young Communist League of SA said on Tuesday.

In terms of the deal, agreed to in the 1990s, BHP Billiton reportedly pays only a fraction of the electricity price charged to other consumers who use less energy.

"The deal has been nothing but highly exploitative on the people of South Africa, with BHP Billiton being the beneficiary whilst the working class has been subsidising its profit maximisation," the YCLSA said.

It said the working class had been subjected to load-shedding, while BHP Billiton, a multinational, paid rates lower even than those offered to the unemployed.

This was a shame, as the poor faced regular cut-offs.

"We call on the National Energy Regulator of SA (Nersa) to ensure that BHP Billiton pays the normal rate as all other Eskom clients, and end this anomaly that has been a heavy yoke on the people of South Africa," said the YCLSA.

"If BHP does not agree to the normalisation of the deal, in line with principles of equality, we categorically state that termination of the deal is the only viable solution."

The YCLSA called on Eskom to ensure that its request for a 16 percent tariff increase was not imposed on the people.

"Business must shoulder the increasing costs of electricity production and ensure that it is socially responsible in that regard."

eskom  |  bhp billiton


Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote