High court rejects Eskom and Nersa's R54 billion settlement - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.
The High Court rejected a R54 billion settlement between Eskom and Nersa, following a dispute over electricity tariffs.Summary
The High Court has rejected a proposed R54 billion settlement between Eskom and the National Energy Regulator of South Africa (Nersa) regarding a tariff dispute. The settlement, reached behind closed doors, would have allowed Eskom to recover the funds from electricity consumers through increased tariffs without proper investigation or public participation. AfriForum, which intervened in the matter, welcomed the court’s decision, stating it prevented the recovery of approximately R54 billion without due process. The court reviewed and set aside Nersa’s original revenue decision and refused to make the settlement agreement an order of court, effectively blocking the proposed tariff increases.
(Source：The South African Broadcasting Corporation)