Eskom Profits Surge Amid Power Cuts, Tariff Hikes
Johannesburg News Today | 2 Min News | The Daily News Now! · The Daily News Now!
Audio is streamed directly from the publisher (api.fastcast.ai) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Eskoms profits surge amidst power generation drop and soaring electricity prices in South Africa. Despite selling less power, the national utility posted profits for two consecutive years, with revenue up 3.4% year-to-date. Experts attribute this to massive tariff hikes, which have increased electricity prices by over 150% in the past two decades. However, these steep costs are burdening households and businesses, and relying on bailouts and hikes may keep the model unsustainable.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
[email protected]
This is an automated, high-level news summary based on public reporting.
Report issues to [email protected].
View sources & latest updates:
https://sources.thednn.ai/12d881fbdf2180dc