The Manufacturing Circle strongly believes that the South African Reserve Bank (SARB) approved a conservative interest rate policy and kept interest rates constant over extended period of time. The Manufacturing Circle further expressed concern that higher interest rates increase the cost of capital to internationally uncompetitive level. Furthermore, the Manufacturing Circle is of the view that administered prices, particularly Eskom's electricity costs are a cause for fiscal review in terms of both the billing and the administrative inefficiencies. It was indicated that Eskom increased electricity costs by more than 171 per cent between 2000 and 2010 while other emerging countries decreased costs.