Government corruption and mismanagement is to blame for the dire situation consumers face due to the fuel and electricity increases implemented this week.
Dawie Roodt, chief economist at Efficient Group, said Eskom’s tariff incease was the tip of the iceberg and more were coming. “The situation at Eskom is dire: debt exceeds R420 billion and gross operational failures, general mismanagement and corruption is still the order of the day.” “That electricity is increasing at almost three times the rate of inflation is something that nobody in government seems to care about, nor that a whole range of additional taxes and levies are being added to the petrol price to take it to a historical high,” he said.
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