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Metros derive ‘substantial profit’ from electricity sales, the Treasury says

Business Day Live

3 December 2012

METROPOLITAN councils generate a “substantial profit” from the sale of electricity, the Treasury said on Monday in a report on the consolidated operating and capital budgets of 278 municipalities over the next three years.

This issue is controversial as business has complained that high municipal electricity tariffs are having a negative effect on enterprises and undermining their international competitiveness. Read more…

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