Today's Labour News

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cosatuEngineering News reports that labour federation Cosatu has rejected Eskom’s appeal to the National Energy Regulator of SA (Nersa) to recover its costs in the provision of electricity, calling it “unaffordable, unreasonable and unjustifiable”.  

“We have no faith in Eskom.  We completely reject Eskom’s tariff hike application,” Cosatu parliamentary coordinator Matthew Parks told public hearings held by Nersa on Monday.  He said Eskom had received above-inflation hikes since 2008, but that the power utility “will come back next year with another story.  We are feeding the bailout addictions to a drug addict of some sort.”  Parks said a bailout and the subsequent steep electricity tariff hikes would have a devastating impact on industry, particularly the mining industry, as well as on small, medium-sized and microenterprises and investment   It would also deter overseas investors and impact on inflation.  He added that workers and consumers, already facing a barrage of rising taxes, such as higher value-added tax and fuel levies, would suffer and have to pay for past corruption in Eskom.  Cosatu also expressed concern about feared job cuts at Eskom arising from threats to close power stations in Mpumalanga.

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