President Cyril Ramaphosa on Monday vowed to tackle the country's soaring electricity tariffs, acknowledging that the rising cost of power is inflicting severe financial hardship on families and crippling business competitiveness. Writing in his weekly newsletter to the nation, the President declared that South Africa must move away from its century-old reliance on a single utility provider if it hopes to secure an affordable, reliable and sustainable energy future.

President Cyril Ramaphosa says South Africa must now focus on reducing electricity costs after making progress in ending load shedding, with reforms aimed at creating reliable,…

Government pushes forward with competitive electricity market to curb rising costs