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Last Trade - 07/05/21

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Market Cap £6.89bn
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S.Africa's Eskom granted average 8 pct power hikes over 5 yrs

Thu 28th February, 2013 11:14am

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)

((agnieszka.flak@thomsonreuters.com)(+27 11 775 3154)(Reuters Messaging: agnieszka.flak.thomsonreuters.com@reuters.net))

Keywords: ESKOM TARIFFS/

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