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PRESS RELEASE – 2016/08/17: SEIFSA WELCOMES THE COURT’S DECISION TO SET ASIDE ESKOM’S ELECTRICITY PRICE INCREASE


JOHANNEBURG, 17 August 2016
– The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) today welcomed the court’s decision to set aside the electricity price increase approved by the National Energy Regulator of SA (Nersa) a few months ago.

Nersa had previously approved Eskom’s application to increase its electricity tariff from a previous hike of 3.4% to 9.4%, applicable from 2016. At the time of these developments, SEIFSA condemned the increase and raised concerns on the impact of expensive electricity on the already pressured metals and engineering sector.

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