As excitement gathers before this summer’s football World Cup in South Africa, financial pressure on the host nation is also growing, especially at municipal-government level.
South Africa’s National Energy Regulator (Nersa) has allowed state-owned electricity generator Eskom to charge municipalities higher energy rates. Eskom electricity prices for municipalities will be permitted to rise on average by about 25% a year from April 1 2010 until March 31 2013.
The extra money will help Eskom build more power stations and plug South Africa’s energy shortage.
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