#41014
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Granting Eskom’s request to hike the price of electricity by a further 12.61 percent would have a “devastating” effect on the South African economy

http://www.iol.co.za/business/news/eskom-hike-could-push-consumers-over-edge-1.1857258#.VVNkUY6qpHw

Ina Wilken of the SA Consumer Union said raising the price of electricity again would impact millions of South African families.

“There is not one sector of the economy that will not be affected. The ordinary person is going to be hardest hit and this will put them in an even more dire financial situation than they were before. It is just going from bad to worst as increase will have a detrimental effect on peoples disposable incomes,” she said.