[South African Power Company Eskom Authorized To Recover $3.4 Billion In Losses Through Price Increases After Regulatory Errors] Following A Series Of Pricing Miscalculations And A Failed Attempt To Resolve The Matter Privately, The South African Energy Regulatory Authority (Nersa) Has Authorized State-owned Enterprise Eskom Holdings Soc Ltd. To Raise Electricity Prices Over The Next Three Years, Thereby Recovering $54.7 Billion (approximately $3.4 Billion). According To A Statement Released By Nersa Last Sunday, Eskom Is Permitted To Raise Electricity Prices By Up To 8.3% Annually Over The Fiscal Year Ending 2028. The Recovery Of Approximately $12 Billion Will Begin This Year (2026)

Quick Access to 7x24

Quick Access to More Editor-selected Real-time News

Exclusive video for free

FastBull project team is dedicated to create exclusive videos

Real-time Quotes

View more faster market quotes

More comprehensive macro data and economic indicators

Members have access to entire historical data, guests can only view the last 4 years

Member-only Database

Comprehensive forex, commodity, and equity market data