Eskom’s tariffs set to surge

Posted on January 20, 2025
Category: Finance News
Eskom has requested a 36.15% electricity tariff increase for 2025/26, bringing its Block 1 and 2 Homepower 4 tariffs to R3.84 and R6.18 per kWh, respectively. Ten years ago, these tariffs were R1.14 and R1.83 per kWh. If Eskom’s electricity tariff increase for 2025/26 is approved, this would represent an increase of approximately 237% over ten years. Excluding the projection of Eskom’s 2025/26 tariff application, the current Homepower 4 tariffs for Block 1 and Block
A turnaround in the finances of South Africa’s Eskom Holdings SOC Ltd has won praise from investors but they are keeping their eyes on one issue — the company’s struggle to recoup some $5 billion in unpaid electricity bills from cities and towns across the country. It’s a debt pile that continues to mount as municipalities themselves fall behind in collecting revenue from customers. With 95.4 billion rand owed as of November, the arrears could jeopardize Eskom’s
Sanlam has partnered with Ninety One to enhance its investment offerings by appointing Ninety One as its primary active asset manager for single-managed assets. This 15-year collaboration transfers ZAR400 billion in assets to Ninety One, strengthening its market leadership and providing Sanlam access to broader expertise and enhanced global positioning. JOINT MEDIA RELEASE – Sanlam selects Ninety One as primary active manager for single-managed assets Sanlam is looking to strengthen its South African and offshore
Boxer Retail Ltd. made a strong debut on the Johannesburg Stock Exchange, surging 17% above its IPO price to 63.01 rand. The IPO, South Africa’s largest since 2017, raised at least 8 billion rand for owner Pick n Pay, with potential to reach 8.5 billion through additional shares. With 500 outlets targeting budget-conscious shoppers, Boxer’s growth story fuels optimism in South African retail, marking a key milestone in Pick n Pay’s turnaround strategy. By Khuleko Siwele
South Africa’s trade minister Parks Tau is appealing a tribunal decision blocking Vodacom’s R13.2 billion acquisition of a stake in fibre operator Maziv, arguing the merger is vital for digital infrastructure investment. Vodacom plans to spend R10 billion on fibre rollout and create 10,000 jobs. Industry players, including MTN, support the deal, citing the need for consolidation to drive growth. The appeal signals months of uncertainty as deal terms are renegotiated. By Loni Prinsloo South Africa’s