Load-shedding and increasing electricity tariffs had a destructive impact on the industry. Briggs and the other two CEOs Srinivasan Venkatakrishnan, from AngloGold Ashanti, and Neal Froneman, from Sibanye Gold, had asked the unions to make a joint presentation with them at the hearings by the National Energy Regulator of South Africa (Nersa) in which Eskom's application for and tariff increase of 25% was rejected.