The Minerals Council South Africa has reiterated the significant job losses that may result from power utility Eskom being granted the additional R27.3-billion in revenue it is seeking.
In a media release issued ahead of a submission at public consultations held by the National Energy Regulator of South Africa (Nersa) with regard to Eskom’s Regulatory Clearing Account (RCA) application, the council said the granting of the additional revenue would result in more than 8 200 job losses at marginal mining operations, as well as equivalent impacts elsewhere in the South African economy.