Intellidex’s head of capital Markets Research, Peter Attard Montalto, reflects on how the likelihood of another electricity hike will affect South African consumers on Radio 702‘s ‘The Money Show’ with Bruce Whitfield.
“We’re probably sitting around 35 – 40% below cost effective tariffs and the reason for that is a lot of other reforms have not been done. The debt reforms have not been sorted out. The municipal arrears problem has not been sorted out. The labour force issue for the public force has not been sorted out. If all of those things had been sorted out, this would not be required.” Attard Montalto says.
Listen to the full conversation below.