Today's Labour News

newsThis news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.

eskomMoneyweb reports that the 9.4% Eskom tariff increase that will take effect on Friday will add more than 1% to the inflation experienced by low-income households and cost the economy 5,172 jobs, energy regulator Nersa said in granting the increases.  

In its record of decision, published on Tuesday, Nersa said it had to strike a balance between Eskom’s financial sustainability and the impact on the SA economy.  Nersa further stated that indications were that Eskom would submit an even bigger application – for a further R25 billion – for lower-than-expected revenue and over-expenditure during 2014/15.

  • Read this comprehensive report by Antoinette Slabbert in full at Moneyweb

Get other news reports at the SA Labour News home page