Tag: tariff hike
Blackouts and further tariff hikes point to inevitable financial distress
Rolling blackouts and the recently imposed 18.65% Eskom tariff hikes from April next month are likely to place additional stress on the South African consumer and businesses to the extent that further bankruptcies are inevitable. With the prospect of higher interest rates, low growth and still high inflation, many companies could face corporate failures particularly in the early part of 2023.
Unmanaged energy consumption is now a real threat to businesses
Last year, South African businesses were spared from Eskom’s proposed 32% tariff hike, which would have come into effect from 1 April 2023, with energy regulator National Energy Regulator (NERSA) postponing its decision on this for the next two financial years.
Why sustainable IT equates to sustainable business
Although South African business leaders may feel somewhat besieged by bad news and murmurs of ‘unbearable’ Eskom tariff hikes, tech-fuelled innovation is providing business with new options to lower energy consumption.
