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South Africa cuts electricity tariffs for struggling ferrochrome firms

Fri, 27th Feb 2026 13:38

Feb 27 (Reuters) - ​South ⁠Africa's power ​utility Eskom on Friday ​announced ‌a further ⁠29% reduction in ⁠electricity prices for ​two distressed ferrochrome firms in a bid ​to ‌avert thousands of jobs losses.

The new ​tariff will see ‌Samancor Chrome and Glencore's joint venture ‌with Merafe Resources paying 62 South African ​cents per kilowatt hour, ‌from an interim tariff of 87.74 ⁠cents ⁠per kilowatt ‌hour approved by South ​Africa's ​energy regulator ‌in January.

Corporate News Commodities Oil & Gas Mining Construction & Materials Consumer Goods Food & Beverages Utilities Glencore

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