The National Energy Regulator of South Africa (Nersa) has been granted leave to appeal the July 28 High Court decision relating to the recovery of R69-billion of government equity, which the court judged had been illegally deducted by Nersa from Eskom’s allowable revenue for the period 2019/20 to 2021/22. The injection comprised three R23-billion-a-year tranches and, in her judgment, Judge Fayeeza Kathree-Setiloane said that the first R23-billion should be immediately added back during the 2021/22 financial year.
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