• Cost of doing business

    The world can't afford the $4.7trn a year in environmental costs of business, says Mandi Smallhorne.

  • Voter paralysis

    With so much tilting voters against change, democratic reason is the loser, says Solly Moeng.

  • The power of perseverance

    True grit is a reliable predictor of who will achieve success in life, says Ian Mann.

All data is delayed
Loading...
See More

Zuma vows action on Eskom tariffs

Feb 09 2012 19:52
Fin24
Johannesburg - High electricity tariffs are a major concern for consumers and businesses, President Jacob Zuma acknowledged on Thursday, while encouraging South Africans to save more on electricity use.

"I have asked Eskom to seek options on how the price increase requirement may be reduced over the next few years, in support of economic growth and job creation and give me proposals for consideration," he said in his State of the Nation address.

"We need an electricity price path which will ensure that Eskom and the industry remain financially viable and sustainable, but which remains affordable especially for the poor."

But he urged more savings by everyone, calling for a "pact" on this and warning that until Eskom's new Medupi and Kusile power stations come into operation, the electricity system will be very tight.

"We should all play our part in order to avoid load shedding".

He said the government remained committed to increase renewable electricity use and to fulfill its Green Economy Accord.

The Government target is one million solar geysers by 2014-2015.

 
 
 

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
13 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE DEBT ISSUE

Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.
 

Money Clinic

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

Voting Booth

The upcoming petrol price hike is:

Previous results · Suggest a vote

Loading...