Molefe backtracks on load-shedding risk

March 9, 2016

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Eskom CEO Brian Molefe on Wednesday retracted his previous statement that the lower tariff hike granted by the National Energy Regulator of South Africa (Nersa) would lead to load shedding this year. Eskom issued a statement shortly after Nersa’s decision to grant it an additional R11.2-billion in revenue for 2016/17 – almost half of the amount the power utility had originally requested. In the statement, Eskom warned it could not guarantee that the lights would stay on.

Category: General