Key facts
- Energy regulator Nersa approved an electricity tariff of 62c/kWh for the ferrochrome industry.
- Glencore-Merafe has halted layoff plans.
- The tariff provides a lifeline to smelters facing high energy costs.
The ferrochrome industry, a significant sector for South Africa, has been under pressure due to high electricity costs. This has led to concerns about job losses and the viability of smelters. The decision by the energy regulator to approve a specific tariff is crucial for the industry's operational stability and employment.