Eskom Grilled As Rio Tinto’s South African Smelter Project Stalled, an Industrial Info News Alert

Reported by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas) — At the end of May, a few days before the conclusion of the public hearings held by the National Energy Regulator of South Africa (Nersa) on state power utility Eskom’s (Johannesburg) application for a 58% tariff hike, national statistics showed that the country’s economic growth rate fell to the lowest level in 6.5 years. The GDP growth rate hit 2.1% in the first quarter of 2008, going down from 5.3% in the last quarter of 2007.

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SOURCE: Industrial Info Resources