Today's Labour News

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nersaBusinessLive reports on reactions to the National Energy Regulator of SA’s (Nersa’s) decision on Friday to allow Eskom to hike tariffs to customers by 5.23% in the 12 months to 31 March 2019, rather than the 19.9% it requested.  

From trade unions to big business, reactions ranged from dismay to lukewarm acceptance.  Nersa disallowed, among others, R11.1bn of the R62.2bn of expenditure that Eskom asked for, which was mainly employee costs, and R7.6bn of the R34.2bn the utility wanted for independent power producers.  Irvin Jim, general secretary of the National Union of Metalworkers of SA (Numsa), said the union was dismayed by the decision as companies would not be able to afford the increase, which would lead to closures and job losses.  Eskom spokesman Khulu Phasiwe said the power utility was disappointed, but noted the advice of the regulator about improving efficiency.  The Energy Intensive Users Group of Southern Africa, representing SA’s biggest industrial customers, said although it welcomed Nersa’s decision, it was concerned that Eskom’s long-term pricing remained uncertain.  Eskom’s liquidity challenge was also a concern.

  • Read this report by Charlotte Mathews in full at BusinessLive
  • See too, Numsa slams Nersa for granting Eskom electricity tariff hike, at EWN

Get other news reports at the SA Labour News home page