My Broadband – Eskom’s acting CEO Brian Molefe has given South Africans two options: pay more for electricity or face more load shedding – which will damage the economy.

On 8 May, Eskom made an urgent application to Nersa to increase the electricity tariff by 25.3% for the 2015/2016 financial year. This included the 12.69% price increase Nersa had already approved.

Local municipalities have also requested price increases, with Mookgophong municipality in Limpopo applying for a 35% tariff hike.

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