THE South African Federation of Trade Union (SAFTU) said on Sunday that there is a very strong link between massive electricity price hikes, corruption and the drive to privatise energy supply.
This comes after Eskom announced electricity price hikes on Thursday, well above inflation, at over 15.6% more after the North Gauteng High Court granted the power utility permission to raise electricity prices.
This will see the embattled state-owned entity recover about R10 billion from customers.
SAFTU said electricity prices have been hiked unreasonably by Eskom managers because, through their corruption, the company pays for coal-fired power plants that include bonsalas to the ruling African National Congress (ANC) through its investment arm Chancellor House, as well as paying for coal at inflated rates.
“In this context, there is a persistent collusion of those in government and the parasitic capitalists looking to enrich themselves from the pockets of consumers,” said SAFTU’s
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