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EEC GOES AHEAD WITH ELECTRICITY HIKE

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MBABANE – One would think government would also accommodate consumers in as far as essential commodities are concerned at the height of the coronavirus outbreak but not with electricity.

This is because the Eswatini Electricity Company (EEC) will go ahead with its intended plan of hiking electricity tariffs, which will see consumers pay five cents extra for each electricity unit as of April 1, 2020. This was confirmed by the company’s Corporate Communications and Marketing Manager, Khaya Mavuso, when quizzed on whether the company would consider suspending the electricity hike set for next week.

“Nothing has changed from what we informed our customers about the electricity hike. We will communicate if there are any developments on same,” he said. The enquiry emanated from government’s move to cushion consumers in the prevailing situation by announcing that the Central Bank of Eswatini had reduced the liquidity requirement for the banks from 25 per cent to 20 per cent, giving the banks more liquidity, which then means banks would have more cash to responsibly lend to the public, as revealed by Finance Minister Neal Rijkenberg. The minister mentioned that during the first week of April 2020, fuel prices would also go down. He also mentioned that taxpayers projecting losses would file loss provisional returns and therefore no payment would be required from them.

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