Ramaphosa may forget to go ahead with successful results whilst begging for investments when Eskom has already started shedding power, says a well-known economist from Pretoria.
Eskom’s load shedding, without any announcement, costs South Africa millions of rand a day, and the entity is in two ways destroying the country economically.
On the one hand, industries, business people, schools and government departments are all harmed by the load, while South Africans have to pay for power through their necks.
Secondly, the state treasury is being emptied to keep the incompetent power supplier standing, and the demand is growing that the ANC and the Eskom chiefs should all resign their offices because they are ruining the economy, he said.
Experts point out that it will now cost as much as R1.8 trillion to get the bankrupt Eskom back on a healthy footing, and no one will trust the Ramaphosa regime with such an amount, Bart Griffiths said.
