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Ramaphosa concerned over Eskom tariff hike conundrum

'President alive to pain of households, businesses'

Nomazima Nkosi Senior reporter

President Cyril Ramaphosa has weighed in on Eskom’s application to hike power cost by 32%, saying, through his spokesperson Vincent Magwenya, that a balance was needed between the utility’s need for cash and the consumer’s ability to pay. The National Energy Regulator of SA (Nersa) has granted Eskom a 18.65% increase.

Magwenya, who was briefing members of the media at the Union Buildings on Thursday said Ramaphosa was worried about the rising cost of living and how load-shedding was adding to an already difficult economic situation...

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