AngloGold Ashanti logo

AU - AngloGold Ashanti News Story

$23.71 0.9  4.1%

Last Trade - 14/05/21

Basic Materials
Large Cap
Market Cap £6.96bn
Enterprise Value £7.75bn
Revenue £3.19bn
Position in Universe 955th / 6846

S.Africa's Eskom granted average 8 pct power hikes over 5 yrs

Thu 28th February, 2013 11:23am

PRETORIA, Feb 28 (Reuters) - South Africa's energy regulator on Thursday granted power utility Eskom an average 8 percent annual increase in electricity tariffs over five years, half of what the utility had been seeking.

Energy-intensive sectors such as mining will be relieved that the hikes are less severe than expected but they will still add pressure to their margins.

(Reporting by Agnieszka Flak and Olivia Kumwenda; Editing by Ed Stoddard)

(( 11 775 3154)(Reuters Messaging:


© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.