• Change of culture needed

    The right leadership will help SA shed its culture of violence, says Mandi Smallhorne.

  • 10 tips to find bargains

    Susan Erasmus gives advice on how bargain hunters can get the most bang for their buck.

  • Inside Labour

    Labour's bitter breaches need to be seen in historical context, says Terry Bell.

Loading...
See More

Cosatu slams Nersa's decision

Feb 24 2010 13:52

Related Articles

Eskom, Billiton in talks

Eskom fights 'dishonest' Maroga

Bring on nuclear power

 

Johanensburg - The Congress of South African Trade Unions (Cosatu) has "noted with anger" Nersa's approval of tariff increases for Eskom of 24.8% this year, 25.1% in 2011 and 25.9% in 2012.

"These increases are more than four times the current rate of inflation and totally unacceptable," Cosatu said in a statement.

"The rises will still have all the severe negative impacts that Eskom's proposed outrageous 35% a year tariff increase would have had. Individual consumers, especially the poor, who pay more per unit than the big wealthy users, will be hit hard at a time when they are struggling with other rising costs," the trade union organisation said.

"The economy will be hit with a rise in inflation, which will jeopardise the chances of a recovery from the economic recession.

"Many businesses which are already struggling to survive will not be able to afford such a massive increase in one of their biggest running costs. Jobs could be lost, fewer new jobs will be created and many firms may even be forced to close down."

Cosatu said it will engage with its alliance partners and continue to fight these increases through Nedlac.

"We shall insist that government, and not the poor consumers, should bear the cost of Eskom's capital expenditure on new infrastructure, which their predecessor failed to provide in the 1990s when Eskom warned that this money was necessary.

"If no progress is made in these discussions, the federation will not shrink from mobilising its members, and the wider South African public, in strike action and protests in the streets against such a savage attack on our living standards and economic future," it concluded.

- I-Net Bridge

 
 
 

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
1 comment
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

20 self-made teenage millionaires

From selling lemonade to building webpages, these young entrepreneurs made a pretty fortune!

 
 

Luxury living

Top 10 richest musicians of all time
10 most expensive cars In the world
10 of the most expensive things that will leave your jaw hanging!
Seven of the most expensive children's toys ever made

Money Clinic

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

Voting Booth

How do you see your boss? He/sheis:

Previous results · Suggest a vote

Loading...