than what it requested, over 90 000 jobs in the mining sector remain at risk, the Minerals Council of South Africa said on Monday.
“The implication is for us as a mining sector, contributing to the economy and creating employment, quite severe… what is not realised is because we are consuming so much Eskom is not going to get the income that they have bargained for because of the losses that we think will happen,” Henk Langhoven, the chief economist at the council said.
“Inevitably, the increases awarded to Eskom will only serve to accelerate the power utility’s downward spiral that will come as a result of inflated tariff increases and declining electricity usage by a critical consumer,” the report says.
Source: News Formal (newsformal.com)
All part of the plan. Close some mines and smelters. Need less electricity, blackout averted, pressure off. Blame mine management, demand they pay higher wages and give away their meagre profit. Reserve margin restored, go beg another bailout from nonexistent taxpayer. SARS a y s
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