Eskom Grilled as Rio Tinto's South African Smelter Project Stalled, an Industrial Info News Alert

Market Wire, June, 2008

Reported by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas) -- At the end of May, a few days before the conclusion of the public hearings held by the National Energy Regulator of South Africa (Nersa) on state power utility Eskom's (Johannesburg) application for a 58% tariff hike, national statistics showed that the country's economic growth rate fell to the lowest level in 6.5 years. The GDP growth rate hit 2.1% in the first quarter of 2008, going down from 5.3% in the last quarter of 2007.

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