Eskom confirms tariff application, says necessary for financial sustainability

Eskom should achieve financial sustainability in seven years, but that was conditional on the National Energy Regulator of South Africa (Nersa) agreeing to tariff increases of some 20%, the utility’s chief financial officer said on Wednesday. “We believe we should be able to navigate Eskom to the point where it is financially sustainable. It should happen in the next seven odd years but that will depend on the tariff increases,” Anoj Singh told a select parliamentary committee on communications and public enterprises.