The National Energy Regulator of SA’s (Nersa’s) decision on Eskom’s tariff increase application on Wednesday will, on average, double the price of electricity over the next three years. The announcement that Nersa was granting the power utility a 24,8% tariff increase for 2010, 25,8% for 2011, and 25,9% for 2012, aroused virulent anger with little [...]
Nersa, the National Energy Regulator of SA, will announce its decision on Eskom’s tariff application on Wednesday. A media briefing will take place at noon in Pretoria at which Nersa will give its view on the “multi-year price determination” for the next three years. State-owned electricity utility Eskom has applied for a price increase of [...]
Telecommunications company MTN SA has not consulted the Communications Workers Union (CWU) on its proposed restructuring, the union said on Thursday. Membership of the CWU among workers at MTN had been “deliberately kept below 10%”, the union said in a statement. However, MTN has denied the claims. CWU also said it was “experiencing high levels [...]
It is my privilege to present the first budget of the administration of President Zuma to this house. Last week we had the special honour of hosting former President Mandela in Parliament. He exuded his inimitable magic. He reminded us of what we have achieved in our struggle for freedom and in our democratic
Despite the unexpectedly large budget deficit, lower income earners can likely still look forward to some tax relief in the government’s 2010/11 budget, Old Mutual Investment Group SA said on Monday. Senior economist Johann Els said various factors should give finance minister Pravin Gordhan room to make moderate upward adjustments to tax brackets for lower [...]
Eskom has suspended four employees who participated in a Carte Blanche programme on the company’s employment practices, the company said on Wednesday. “Eskom has taken a preliminary decision to suspend four employees who participated in the Carte Blanche programme that was aired on 24 January 2010 pending the finalisation of their disciplinary hearings,” a statement [...]
Eskom will oppose the R85m lawsuit filed against it by ousted CEO Jacob Maroga, the parastatal said on Sunday. “We are aware of it and we will oppose it,” the company said. According to the Sunday Times, Maroga filed a civil claim at the South Gauteng high court demanding “reasonable damages” or reinstatement as CEO. [...]
Eskom’s proposed tariff hike could delay the country’s economic recovery, Business Unity SA (Busa) CEO Jerry Vilakazi said in Midrand on Thursday. “If the 35% increase is accepted by Nersa, we can wave goodbye to an immediate recovery for SA’s economy,” he told a public hearing, organised by the National Energy Regulator of SA, on [...]
Communications minister Siphiwe Nyanda has dismissed claims by the Democratic Alliance that the proposed Public Service Broadcasting Bill will grant him unprecedented power over the SA Broadcasting Corporation. “Not only are these claims baseless and unfounded, they also have the potential to mislead the people of this country,” he said in a statement on Tuesday. [...]
Three education unions have proposed the establishment of a social contract with other partners in the sector to improve education. “The aim would be to establish all schools in SA as centres of excellence, or at the very least demand that schools must draft a realistic plan of action to improve the quality of education [...]
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