Genesis Analytics is providing expert economic advice to BUSA in terms of Eskom’s proposed tariff increase application

Genesis Analytics (“Genesis”) has been retained by Business Unity South Africa (“BUSA”) which represents South African business on macro­economic and high­level issues of national and international importance. Genesis has been requested by BUSA to provide expert economic analysis in relation to Eskom’s multi­year price determination (“MYPD 3”) application.

Eskom applied to the National Energy Regulator of SA (“NERSA”) in October 2012 for a 16 per cent increase in electricity prices each year for the next five years. Increases of this magnitude are likely to have significant economy­wide effects on output and employment, particularly in those industries that are electricity intensive. Genesis is thus playing a key role in assessing the appropriateness of this proposed electricity price path while taking into consideration that a sustainable electricity supply is crucial for the South African economy. The findings of the Genesis analysis will be presented at a series of public hearings which will take place in January 2013.