Electricity | SA Radio .com

Eskom with debt burden of more than R450 billion cuts power supply to parts of Soweto due to default

Posted on 05/11/2019 Leave a comment

The national power supplier is struggling to keep up with its debt burden of more than R450bn and the ineffective functioning of many power plants.

In addition to its own problems, Eskom has continued to act reluctantly against municipalities that do not pay their monthly consumption to Eskom, and Eskom is too cumbersome to act against the defaulters.

Areas such as Orange Farm and parts of Soweto’s power have been cut off due to default, and although it has been asked for years for power supply to be cut off by defaulters, Eskom has remained cowardly and did not.

On the last day of October, Eskom decided to cut off the power of certain defaulters, but the correct method should be to warn all municipalities that are over 30 days in arrears that their power will be cut off within two weeks if payment is not made.

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Eskom which is battling with R441 billion debt, won’t be privatized – ANC-regime’s plan to save the power supplier from ruin disappointing

Posted on 31/10/2019 Leave a comment

Public Enterprises Minister Pravin Gordhan yesterday unveiled the government’s latest blueprint to kickstart Eskom, which proposes major shifts in the ailing entity’s business model. Politicians, as well as political analysts and financial experts are disappointed in the plan, whose content can be vague and probably poorly implemented, as announced by the minister. Not only did he disappointed South Africa but also the credit rating agencies with his “plan” to save the power supplier from ruin.

Experts point out that the ANC will not privatize Eskom, because it is then out of their hands, and the fear exists that hundreds of ANC members will be fired because it is an overall overpopulated workforce.

Gordhan recommended, among other things, that the various power plants be divided into groups and have to compete with each other over who can generate the cheapest power, but experts say it will bring no harm to the entity’s financial position.

The turnaround plan
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59 billion bailout just been granted to struggling Eskom

Posted on 23/10/2019 Leave a comment

The National Assembly voted in favor of a special allocation bill on Tuesday that allows a bailout of R59 billion to struggling Eskom.

The bill was approved by 200 votes to 105 with ANC MPs believing the bill is essential to keep the lights on. These MPs argued that many of them grew up in a “permanent state of loadshedding” due to past inequalities.

Others, however, were opposed to this bill.

Nqabayomzi Kwankwa, MP of the United Democratic Movement (UDM), said it was astonishing that MPs were asked to “throw money at the problem” after Eskom reportedly paid R4bn to suppliers too much.

Eskom is about R500bn in the red.

DA Ashor Sarupen said Eskom seems to be burning money instead of coal. “Every citizen is a hostage of Eskom. We are hostages to the power cuts that cause huge economic losses. We are hostages to their bail requirements. We are hostages to their endless management crises, ”says Sarupen.

Wouter Wessels, FF Plus MP and chief spokespers
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Power shortages in SA can last up to four years due to Eskom’s inability to produce

Posted on 22/10/2019 Leave a comment

The ANC-SACP government’s long-term plan with the economy is closely linked to the supply of electricity.

The government has already published its “plan”, warning it of a so-called “immediate risk” of major electricity shortages that will arise.

To make matters worse, it is stated that the large power shortages can last for four years due to Eskom’s inability to produce.

The ANC’s plan is therefore a new failure that awaits South Africa, because plans are being made but the cause of the financial ills is clearly not being addressed, economic experts said.

With Eskom’s extremely poor planning, load shedding came down to land again, and with the ANC’s “economic plan” predicting from the outset that large power shortages would emerge, but only proving that neither the ANC regime, nor Eskom, had any idea of thorough planning and its execution, analysts said.

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Soweto owes Eskom more than R17 billion, still receives free power – culture of non-payment has now become a legacy of the ANC struggle

Posted on 14/10/2019 Leave a comment

According to a report by the Gauteng Department of Cooperative Governance and Traditional Affairs (CoGTA) submitted to the Gauteng legislature’s CoGTA committee, Soweto owes Eskom more than R17 billion, which is half of the country’s debt to Eskom.

The information came to light last month when a FF Plus spokesperson, Amanda de Lange, announced it by way of a statement.

According to De Lange, “the default culture of electricity consumers in Soweto is probably the biggest cause of Eskom being forced to its knees”.

Soweto’s default has been going on for years and politicians have been trying unsuccessfully to persuade power consumers to pay portions of their debt. Threats to cut the power supply also serve no purpose. Residents insist the ANC promised free electricity and water to voters in their election pledges. The culture of non-payment has now become a legacy of the ANC struggle.

Meanwhile, the national power supply is struggling to survive financially an
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Cyber crooks try to hold Johannesburg’s City Power to ransom after a malicious program found its way on to the computer system and network

Posted on 09/08/2019 Leave a comment

After a cyber-attack that debilitated its servers, Johannesburg’s City Power says it has successfully restored electricity vending within hours of the security breach being identified.

Some residents of Johannesburg were left in the dark as a ransomware attack took out the City’s power servers, preventing residents from being able to purchase and upload electricity units.

The attack was identified in the early hours of Thursday 25 July, according to spokesperson Isaac Mangena. Starting at 8.30am on the 25th, City Power’s official Twitter account, @CityPowerJHB, issued a series of tweets explaining the situation.

According to Adam Oxford, a freelance technology journalist, “Ransomware is a type of cyber attack in which a malicious program finds its way on to a computer system or network, and the damaging payload of that program will be to destroy data or encrypt it to the point where it is irretrievable.”

The attacked company is
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Eskom is SA’s downfall with net loss of R20.7 billion and a deficit of R59 billion

Posted on 08/08/2019 Leave a comment

The latest Eskom financial report just released shows once again that the entity is causing the country’s financial collapse.

The shock announcement that the power supplier is showing a net loss of R20.7bn for the financial year confirms that Eskom is holding the ANC regime hostage.

If the ANC regime wants to see the country get electricity, then they have to pay what is claimed.

The huge deficit is probably the reason the hostage has to raise R59bn, and Finance Minister Tito Mboweni’s claim that a government entity must perform before the government will provide aid does not seem to apply to Eskom.

An independent Pretoria economist told Die Vryburger such a loss shows that Eskom is unable to perform, and with the temporary appointment of Mabuza, Eskom’s progress is only a bigger risk.

-Vryburger

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Consumers face 80% electricity tariff hike to save Eskom from their self-inflicted mess

Posted on 08/08/2019 Leave a comment

Eskom has announced that they will put a four-point plan in place to get out of their self inflicted mess. They will firstly obtain an 80% increase in electricity through a court order, and secondly they will unbundle the entity.

Third, Eskom will introduce savings measures. However, it is not indicated how and what savings measures will be implemented.

Meanwhile, senior officials of Eskom, who receive between R1.5 and R3 million a year in salary, have announced that they will approach the court to claim back working increases of 4.7%.

Calculations show that it will drive the bankrupt entity out of a further R200 to R300 million.

-Vryburger

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Soweto owes ESKOM R 17 billion, half of the total national debt – Just cut their bloody electricity to this township!

Posted on 14/02/2019 Leave a comment

ESKOM is desperately trying to recoup money owed by municipalities – Soweto, in particular, is making that task all the more difficult.

ESKOM, South Africa’s national electricity provider, had an exceptionally shocking year in 2018. Financial losses reached dismal new depths. Irregularities, both fiscally and operationally, left the state owned enterprise floundering in the doldrums of gross incompetence. Dubious coal shortages, failed maintenance plans, industrial action and the lingering stench of corruption only added to ESKOM’s woes.

ESSKOM looks to recoup its losses:

Inevitably, ESKOM’s problems become the problems of South African citizens. The much-loathed load sheddingschedule made an ominous return. This year, the knock-on effects of ineptitude will be felt the hardest, as the power utility looks to increase the cost of electricity by at least 15%.
The tariff increase is an attempt to rebuff financial failings – to incre
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South Africans should brace for more rolling blackouts as the power grid is unstable and cannot produce enough power to sustain the country

Posted on 12/02/2019 Leave a comment

Eskom warned of wider controlled power cuts on Monday after six additional generating units unexpectedly went offline. The power utility launched stage 4 load shedding, which requires the shedding of 4 000 megawatts from the grid.

The Cape Chamber of Commerce and Industry is shocked by the sudden dramatic increase in load shedding.

“How is it possible for six units to go down at the same time?” asked Ms Janine Myburgh, President of the Chamber. “It is just too much of a co-incidence and we must ask if this is not another case of sabotage?”

Sabotage was blamed for a previous bout of load shedding, but the form it took was never explained to the public, except for workers who prevented coal deliveries from taking place.

“Stage Four load shedding is very serious indeed and it will affect commerce and industry. This will also affect the jobs of other workers, especially in heavy industry and it is time that workers whose jobs are at
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