Notice received from Ethekwini Municipality with my electricity bill today:
Dear Valued Customer
RE: ELECTRICITY PRICE INCREASE - EFFECTIVE 01 JULY 2012
I am happy to announce that Eskom and the Department of Public Enterprises has responded to President Jacob Zuma's call to reduce electricity tariffs in support of economic growth and job creation in South Africa. As a result of this, the original 25.9% increase that Eskom was expecting from its customers has now been reduced to 16%. This reduction is most welcomed and will have instant benefits to business and households. The citizens of Durban can be assured that this reduced increase will be factored into our tariff structures and customers can expect to see lower tariff increases for the next financial year when compared to recent years.
Don't you feel much better about your decreased price increase now?
Gee - that's only an increase of more than twice the official inflation rate. That'll definitely stimulate the economy
And every time I see government ripping me a new one, I always feel hugely comforted by the fact that they originally wanted to rip me a whole lot more than they eventually decided to do
Just think how much money I'm saving
What should I spend it on?
Another SA economic maths miracle