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SA electricity prices hurting the poor, despite protection measures – Frost & Sullivan

Despite apparent legitimate reasoning behind State-owned power utility Eskom’s electricity tariff increases, increased costs would undoubtedly hurt those in the lower portion of South Africa’s income distribution, consulting firm Frost & Sullivan Africa energy and environmental research associate Thembie Chehore said on Thursday. Chehore pointed out that the utility’s tariff increases had grown from a modest rate of 5.1% in 2006/7 to a peak of 31.3% in 2009/10.

IDC confirms $4.5bn, two-phase Limpopo steel mill investment

The detailed feasibility study into a $4.5-billion, two-phase steel project planned for development by the Hebei Iron and Steel Group, of China, and South Africa’s Industrial Development Corporation (IDC) should be completed in the first quarter of 2015, IDC CEO Geoffrey Qhena reported on Monday. Speaking at the State-owned development finance institution’s annual results presentation in Johannesburg, Qhena confirmed that the project would be developed in the Limpopo province and would draw its iron-ore resources from the magnetite tailings in the Phalaborwa area.