Head of Capital Markets Peter Attard Montalto joined eNCA‘s Rofhiwa Madzena to shed light on Eskom’s financial woes and the proposed 32% tariff increase affects end users and taxpayers.

“In a sense it doesn’t matter who essentially pays for the tariff increase. You could have a low tariff increase which would then need a very high bailout from the government or the other way around. If say we were to have another 10-15% increase in the tariffs next year instead of this proposed 32% taxpayers would pay an extra 40 billion or so to Eskom because Eskom has very little cash in the buffer. So at the end of the day someone is going to pay for this – it’s either going to be taxpayers or tariff payers,” says Peter.

Watch the full interview below.