{"id":8754,"date":"2012-03-10T03:00:49","date_gmt":"2012-03-10T01:00:49","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/update-2-s-africa-cuts-201213-power-rate-hike-to-16-pct\/"},"modified":"2012-03-10T03:00:49","modified_gmt":"2012-03-10T01:00:49","slug":"update-2-s-africa-cuts-201213-power-rate-hike-to-16-pct","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-2-s-africa-cuts-201213-power-rate-hike-to-16-pct\/","title":{"rendered":"UPDATE 2-S.Africa cuts 2012\/13 power rate hike to 16 pct"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Power rate cut from original hike of 25.9 pct<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Eskom asked by govt to reduce hikes to protect consumers<\/p>\n<p><span><\/span><\/p>\n<p>* Lower tariff hike not to affect electricity supply<\/p>\n<p> (Adds details, Eskom, minister, analyst comments)<\/p>\n<p><span><\/span><\/p>\n<p>By Agnieszka Flak<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, March 9 (Reuters) &#8211; South Africa&#8217;s<br \/>\nenergy regulator said on Friday it had cut the increase in<br \/>\nelectricity rates for power utility Eskom to 16 percent for the<br \/>\n2012\/13 financial year from a previously approved 25.9 percent<br \/>\nto protect industry and other consumers.<\/p>\n<p><span><\/span><\/p>\n<p>The decision follows Eskom&#8217;s bid to reduce the hike after<br \/>\nthe government had urged the utility to ease up on private and<br \/>\nindustrial consumers hit with soaring power costs.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;This is done without compromising Eskom&#8217;s ability to keep<br \/>\nthe lights on whilst maintaining its financial capability,&#8221;<br \/>\nMinister of Public Enterprises Malusi Gigaba told journalists.<\/p>\n<p><span><\/span><\/p>\n<p>Eskom has been struggling to raise money it needs to build<br \/>\npower plants fast to avoid a repeat of a crisis that forced<br \/>\nmines to shut for days in 2008 and cost Africa&#8217;s biggest economy<br \/>\nbillions of dollars in lost output.<\/p>\n<p><span><\/span><\/p>\n<p>Eskom has since secured all the funding it needs.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Power rate cut from original hike of 25.9 pct * Eskom asked by govt to reduce hikes to protect consumers * Lower tariff hike not to affect electricity supply (Adds details, Eskom, minister, analyst comments) By Agnieszka Flak JOHANNESBURG, March 9 (Reuters) &#8211; South Africa&#8217;s energy regulator said on Friday it had cut the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-8754","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=8754"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8754\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}