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Wednesday, 03 April 2024 14:46

Load shedding remains suspended until further notice.

By Lehlohonolo Lehana.

Due to sustained available generation capacity, adequate emergency reserves, and anticipated moderate demand for the week ahead, Load shedding will remain suspended until further notice, Eskom said on Wednesday. 

"Eskom will provide a system update on Friday or communicate any significant changes should they occur," it said.

The utility said that a total of 2,365MW is planned to be returned to service by Friday evening.

While delivering some good news on the load shedding front, the not-so-good news is that Eskom customers have been hit with another double-digit hike in electricity tariffs.

Eskom was granted a 12.74% increase for its direct customers by the National Energy Regulator of South Africa (Nersa).

This increase is coupled with a 25.64% affordability subsidy. The average increase for key industrial and urban tariffs will be 13.29%, which is due to the increase in the affordability subsidy charge.

The affordability subsidy charge is given as a subsidy to the Homelight 20A tariff and is determined by Nersa.

Eskom explained that it is paid by the non-municipal large industrial and urban tariffs and exists because of historically lower Homelight 20A tariff increases.

Nersa also granted a 12.72% increase to municipal customers. However, while Eskom's prices went up at the start of April, municipalities will only increase their customer tariffs on 1 July.

Meanwhile the Special Investigating Unit has begun auctioning the luxury properties of former Eskom manager Duduzile Moyo and her husband, Mmoloki Moyo.

The assets include an upmarket house in Silver Lakes Estates in Pretoria, as well as two cars.

Moyo allegedly siphoned almost R25 million through contract fraud, where she contracted a company called Tamukelo Business Enterprise to transport water from Kendell to Kusile Power Station.

She signed off 23 certificates amounting to R138 million in just two-and-a-half years.

According to the SIU, the company paid kickbacks to companies linked to her and her family.

In 2022, the SIU obtained a preservation order to freeze the pension and provident fund of Moyo before her subsequent resignation.

The order also includes Moyo's two minor children, a trust and business named after her children – Onalerona Trust and Tshimologo Trading and Projects- as well as two trustees, Tandiwe Gloria Nzama and Anani Sanelisiwe Dlamini, who is also the sole member of Tshimologo.