Cosatu Warns Of Strike Amid 8.7 Electricity Price Hike

8 Days(s) Ago    👁 96
cosatu warns of strike amid 87 electricity price hike

The Congress of South African Trade Unions Cosatu has called on government to immediately intervene to bring down the ever increasing electricity prices.

This, as consumers face an electricity price hike of 8.7, in the next financial year.

The National Energy Regulator of South Africa NERSA conceded to a R54 billion settlement error through a court process, which allows Eskom to claw back the revenue shortfall from consumers through further tariff increases.

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