South Africa’s Utility May Seek 20% Power-Fee Increase, RMB Says

  • Eskom expected to as to recover more than 40b rand of expenses
  • Regulator will determine when the increase will be effective

South Africa’s state-owned power utility may ask the nation’s energy regulator for permission to raise prices by more than allowed so it can recoup more than 40 billion rand ($2.7 billion) of unbudgeted expenses incurred over two years, an analyst at FirstRand Ltd.’s Rand Merchant Bank unit said.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.