ESKOM'S revised tariff application will hinder the prospects of economic recovery, says the SA Chamber of Commerce and Industry.
"On the face of it, it appears that a significant adjustment has been made. But the ultimate price of 70 cents a kilowatt hour remains high and the impact on business and economy will be marginally reduced," Sacci said yesterday.
Eskom had revised its application to the National Energy Regulator of SA for an increase of 35percent every year for three years - from 45percent.
Sacci said the economy had just started to recover from the downturn - with business confidence recently beginning to rise.
"The requested increase, albeit 10percent lower than the original, will stand counter to prospects for economic recovery. The increase will probably discourage investment in production". - Sapa