• SABC shenanigans

    SA has already embarked on a slippery slope to autocracy, warns Terry Bell in Inside Labour.

  • Zim tastes people power

    Protests in Zimbabwe are forcing Mugabe to face anti-government sentiment, says Memory Mataranyika.

  • Platinum handshake

    Officials who try to do what's right risk far more than blessed wrongdoers, says Solly Moeng.

All data is delayed
Loading...
See More

Manufacturers to appeal tariff hikes

Sep 28 2011 07:00
Sapa

Company Data

SABMILLER PLC [JSE:SAB]

Last traded 830
Change -1
% Change 0
Cumulative volume 592292
Market cap 0

Last Updated: 22-07-2016 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

HULAMIN LIMITED [JSE:HLM]

Last traded 6
Change 0
% Change 0
Cumulative volume 2818
Market cap 0

Last Updated: 22-07-2016 at 04:42. Prices are delayed by 15 minutes. Source: McGregor BFA

MONDI LIMITED [JSE:MND]

Last traded 275
Change 2
% Change 1
Cumulative volume 483311
Market cap 0

Last Updated: 22-07-2016 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Eskom's 'overcooked' tariffs slated

SA no longer cheapest for electricity

 

Johannesburg - Manufacturers will appeal to the National Energy Regulator of SA (Nersa) for relief on its planned electricity tariff hikes, according to a newspaper report on Wednesday.

The manufacturers said the increases would force many companies out of business, the Business Day reported.

Price cuts were needed for distressed industries as well as reductions in the proposed 25% electricity price hikes pencilled in for the next couple of years, chairperson of industry group the Manufacturing Circle Steward Jennings told the daily newspaper on Tuesday.

Electricity prices for manufacturing had climbed 140% in the past four years, making it one of the main drivers of rising costs for industry, Jennings said.

"We have to attack these militant price increases... we can't afford another two years of 25% increases. We will fall out (of business), we are already falling out," he said.

Jennings said Manufacturing Circle would submit a white paper on its appeal for reductions on the tariff to Nersa before the end of the year.

The industry group represents 56 large companies including SABMiller [JSE:SAB], ArcelorMittal [JSE:ACL], Pretoria Portland Cement [JSE:PPC], Hulamin [JSE:HLM], Mondi [JSE:MND] and Allied Electronics Corporation [JSE:ATN].

Manufacturing accounts for 15.6% of the economy's overall output.

 
nersa  |  electricity tariffs

 
 
 

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
8 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE SAVINGS ISSUE

Saving can make a lot of things possible, but we all know how hard it is to save. This special Savings Issue will help you get focused.
 

Money Clinic

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

Voting Booth

Sarb's decision to keep the repo rate unchanged is:

Previous results · Suggest a vote

Loading...