ANC to benefit from Eskom tariff hikes - statement by the UDM President (24 February 2010)

The UDM is disappointed with NERSA’s announcement of 25% tariff increases for ESKOM. These massive tariff increases over the next three years will hit the economy hard; people with jobs will suffer, and people without jobs will be less likely to find employment.

Indeed these tariff increases will have a huge negative impact on the economy and are likely to lead to greater unemployment.

It is a sad day for our democracy when the public is forced to pay this unjustifiable secondary tax so that Eskom can finance its Hitachi deal, which the ANC will make billions of Rands from at our expense.