Thursday, 24 January 2013 08:54

Eskom tarrifs' not for small business

"Businesses are leaving the zoned business areas and starting to trade in the residential areas illegally to survive," he told a hearing of the National Energy Regulator of SA (Nersa) in Bloemfontein. Boshoff pays millions for his monthly electricity bill from the Mangaung metro.

Construction IndustryHe said small and medium-size businesses could no longer afford to pay high electricity costs in formal, zoned business areas. Malls and office blocks were starting to empty as businesses were closing down or moving to areas where they could pay residential tariffs. Boshoff said electricity increases of 16 percent per annum over the next five years would cripple South Africa's commercial property market, and specifically the Bloemfontein area further. He said Eskom's proposal did not include the municipalities' increase. "These municipalities are not managing their resources properly and as a result, they need to supplement their income with huge increases in their electricity tariffs to create more income."

Boshoff was supported by Louis Diedericks from Utility Management for Africa, which managed large properties for clients. "The high costs for businesses in central South Africa are not sustainable. You cannot kill the goose who lays the golden egg," Diedericks said.

Friday, 18 January 2013 08:18

ESKOM underfire in Capetown and Beyond

The City of Cape Town, trade unions and a host of civil society organisations opposed Eskom’s request for an average annual increase of 16 percent over five years at Nersa’s hearings on Eskom’s tariff application.

Friday, 21 December 2012 02:13

Work on solar projects begins in SA

New solar power projects will generate local construction jobs and deliver clean, reliable energy to the community.

The rising charges for utilities such as electricity, rates and water are pressing hard on both residential and commercial property owners

Government is exploring options aimed at boosting infrastructure funding through enhancing the role of the country’s development finance institutions and by mobilising private-sector capacity, the Minister of Finance Pravin Gordhan said on Thursday.

Details on government's planned infrastructure development, South Africa's credit rating and growth forecast are some of the issues business hopes to gain clarity on when Finance Minister Pravin Gordhan tables the 2012 Medium-Term Budget Policy Statement (MTBPS) tomorrow.

Wednesday, 24 October 2012 10:39

Recovery in construction gains momentum 3Q2012

Although construction activity has consistently improved over the past two years, the growth in activity ratcheted up more significantly over the last six months.

Monday, 22 October 2012 13:46

Eskom asks for 16% tariff increase

Power parastatal Eskom has asked the National Energy Regulator of SA (Nersa) for a total 16% tariff increase over the next five years.

SOUTH Africa will spend R4-trillion on infrastructure over the next 15 years, as part of its broad plan to boost economic development and growth, President Jacob Zuma said on Friday.

Friday, 12 October 2012 18:30

SA power supply to remain tight

South Africa's electricity supply is expected to remain tight in summer as Eskom – which will soon submit its next tariff application to the energy regulator - moves to do more maintenance on its plants.

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