Loading...
See More

Eskom hikes may devastate sugar industry

Jan 17 2013 12:32 Sapa

(Picture: Herman Verwey, Beeld)

Related Articles

Eskom: Tariff hikes the only way

Questions over Eskom pricing

Eskom must be sustainable - CEO

Civil society to challenge Eskom hikes

Eskom faces price hike protests

Eskom price hikes unaffordable

 

Durban - As many as 35 000 people in the sugar cane industry could lose their jobs if Eskom is granted a 16% electricity increase, the SA Cane Growers' Association warned the National Energy Regulator of SA (Nersa) on Thursday. 

The increase could result in the closure of four mills, the association's financial affairs director Thomas Funke said at public hearings in Durban on Eskom's proposed 16% tariff increase. 

He said the sugar cane industry made R10bn a year and employed 350 000 people. 

There would be a 19.4% loss of income in the industry if the increase was granted. It would also have a dramatic effect on food security. 

"We believe the increase is not appropriate and not affordable. A double digit increase will have serious impact on net returns." 

Funke said an increase which was higher than inflation was not possible for the association to digest.


Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

nersa  |  eskom  |  retrenchments
NEXT ON FIN24X

 
 
 

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
10 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

New forms of digital technology are changing the very ways in which entrepreneurs run their businesses.
 
 

New GIF keyboard on iOS for added fun!

Soon sending an LOL! or facepalm will be so much more fun!

 
 

For chic geeks...

Puppy goes crazy over iPad game
Printable solar panels will bring exciting new opportunities!
Now there’s a special lane for texting while walking
LOL! 7 brutally honest texts from parents

Money Clinic

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