Despite, (or thanks to Billions in foreign investment in Eskom), 7.2 Million tons of SA’s best coal is destined for China from Richards Bay Harbor while South Africans suffer under rolling blackouts. 36 Chinese ships are waiting for coal to be loaded in Richards Bay Harbour. Each ship takes about 36 hours to be loaded with 200,000 tons of coal per ship average. The coal is Grade A anthracite.
Are Rolling Blackouts in SA Because Greedy ANC Regime Sells Best Coal To China and Uses Proceeds Elsewhere?
SA NEWS:- Eskom’s application to increase electricity tariffs by 15% open to public debate, now is the time to take a stand!
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It’s important to note that Eskom’s application for a 15% tariff increase is over and above the 4.41% raise already granted to the utility by the National Energy Regulator of South Africa (NERSA) earlier this year.
Eskom is looking to increase national electricity tariffs by at least 15% in 2019 – this application will be open to public comment in January.
The public hearing’s process marks the next step in Eskom’s crusade to amass more cash. Recent financial statements paint a grim picture for the power utility; losses eclipsing R10 billion with maturing debt set to reach R600 billion by 2022.