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Business Leadership SA says there is an urgent need to reform the country’s electricity sector

# Business Leadership South Africa is calling on the government to accelerate the transition to competitive electricity markets with licensed traders and independent generators. This follows the National Energy Regulator of South Africa’s 54-billion-rand settlement with Eskom over tariff calculation errors. BLSA CEO Busiswe Mavuso says the error exposes the absurdity of a system that allows Eskom to pass costs to customers without competitive pressure. She adds that there is no greater sign of the urgent need for reform of the electricity sector than the way Eskom’s electricity tariffs are set.