The National Energy Regulator of South Africa (Nersa) has granted Eskom a 9.4% tariff increase for the 2016/17 financial year.

Efforts are being stepped up to alleviate electricity supply constraints, with government preparing to expand the Independent Power Producer (IPP) initiative, said National Treasury.

Monday, 25 January 2016 12:04

How to reduce electricity consumption

How to cut Electricity consumption if Eskom gets the 16% rate hike they’re asking for.

The commercial property industry is hugely concerned with Eskom's proposed 16% electricity tariff increase which it believes will have a negative effect on the industry.

The Tower Property Fund, which upon listing on the JSE in July 2013 set a clear strategy of occupancy cost reduction across the board, with a strong focus on "greening", has continued to make good on its intentions and is currently rolling out green measures to several buildings within the fund’s portfolio.

The City of Cape Town, in partnership with Eskom and the South African Property Owners Association (SAPOA), launched Cape Town’s Energy Efficiency Forum (EEF) in 2009 to assist commercial buildings and operations in improving their energy efficiency.

National Treasury has revised downwards South Africa’s economic growth to 1.5%.

Dr Andrew Golding CEO of Pam Golding Property Group and CEO of Jawitz Properties Herschel Jawitz comment on the impact of the 25 basis point interest hike on the property market.

National Treasury has announced that government has sold its stake in Vodacom to the Public Investment Corporation (PIC) to raise funds for a R23 billion allocation to Eskom.

The National Energy Regulator (NERSA) has rejected Eskom’s selective reopener of the third Multi-Year Price Determination (MYPD3) Open Cycle Gas Turbines (OCGTs), which would have resulted in a total price increase of 25.3% for 2015/16.

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