South Africa can’t afford hydropower from Inga 3

As finance minister Tito Mboweni prepares to deliver his budget in Parliament this week, it is imperative that he unshackles South Africans from the financial calamity that is the Inga 3 hydropower project.

Grand Inga 3. Photo: Congo Research Group

Mboweni’s speech comes almost one year after the first Covid-19 cases were reported in South Africa. Since then the pandemic has had a catastrophic effect on South Africa’s economy, and the daily lives and livelihoods of all citizens.

In the midst of widespread suffering and economic insecurity, the nation learned last week that cash-strapped consumers will be paying even more for their electricity when prices rise over 15% on 1 April 2021.

Electricity prices to increase by 15%

The North Gauteng High Court has ordered that an amount of R10bn be added to Eskom’s allowable revenue to be recovered from tariff customers in the 2021/22 financial year…

17 Feb 2021

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