The latest 9% electricity tariff increase allowed to State power utility Eskom was set to nullify the benefit of the cost cutting programme that Anglo American Platinum (Amplats) undertook last year, Amplats CEO Chris Griffith said on Wednesday. Speaking to Creamer Media’s Mining Weekly Online in a video interview (see attached), Griffith emphasised the need for Eskom to emulate the cost-cutting being undertaken by the rest of South African industry so that it could in future ensure that its tariff increases did not exceed inflation.
