DStv Channel 403 Wednesday, 04 December 2024

Eskom's CFO has defended tariff hikes

CAPE TOWN - Eskom CFO Calib Cassim says that the power utility must increase tariffs.

According to Cassim, Eskom has been struggling to stay afloat. 

To date, municipalities across the country owe Eskom over R90 billion. 

READ | WATCH | Eskom playing hardball with Johannesburg

Cassim says the proposed tariff hikes will if approved, will put Eskom in a better financial and operational position.

However, the City of Cape Town's MMC for Energy, Xanthea Limberg calls for the rejection of the tariff hike.

She says that higher tariffs will have catastrophic implications for many residents. 

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