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Nersa Cuts Tariff 54%; Glencore Halts 1,500 Layoffs

6/2/2026

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Summary

Story summary

Nersa approved a 62-cent-per-kWh tariff—a 54% cut—leading Glencore-Merafe to cancel plans to lay off 1,500 workers.
The tariff, at 0.62 rand per kWh, covers three years for Glencore-Merafe, five for Samancor Chrome, and forces Eskom to report impact.
Only 11 of South Africa’s 66 ferrochrome smelters operate after electricity costs rose tenfold since 2008.
The tariff relief aims to stabilise operations and enable a phased restart of the sector.

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Story summary

Nersa approved a 62-cent-per-kWh tariff—a 54% cut—leading Glencore-Merafe to cancel plans to lay off 1,500 workers.
The tariff, at 0.62 rand per kWh, covers three years for Glencore-Merafe, five for Samancor Chrome, and forces Eskom to report impact.
Only 11 of South Africa’s 66 ferrochrome smelters operate after electricity costs rose tenfold since 2008.
The tariff relief aims to stabilise operations and enable a phased restart of the sector.