Posts tagged with 'Eskom'

 

Greedy Ramaphosa Wants More From His & ANC’s Personal BEE Cash Cow, Eskom – He Finally Admits Medupi & Kusile Are Unreliable (Have Been Bled Dry) Even As The Blame Game Rages On…

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Planning to fail: Having pocketed millions, if not billions, by plundering Eskom in all sorts of ways through a variety of tender companies and who knows what else, it seems Cyril and The ANC have finally realised the Medupi & Kusile projects have bled dry, and are now looking for new ways to employ (steal) taxpayers money, to continue bleeding them dry… yet another new huge expensive project with new tenders, contracts, bribes & kickbacks. It is the same all over South Africa, build a new school, extort tenders, contracts, bribes & kickbacks. Then burn it down and steal more from the taxpayer by building another school with more tenders, contracts, bribes and kickbacks. The African Way.

It is incredible that Ramaphosa now says that the much vaunted Medupi and Kusile Power Stations, with an ultimate costs as high as R451 BILLION are unreliable! This after the ANC’s investment arm, Chancellor House, made up to R150 Million profit from the proje
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SA’s expected economic growth is adjusted to 0.9% for 2020 – ANC regime is responsible for SA being in such a mess

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The World Bank has just adjusted South Africa’s projected economic growth to 0.9% for 2020 amid the uncertainty surrounding Eskom and load shedding. The 1.3% growth that the World Bank initially predicted for 2019 has now also been adjusted to 0.4%.

In spite of these realities, the ANC clings to the ideology that got us into this troubled position. President Ramaphosa explains what their approach to state-owned companies, so-called strategic assets, will remain:

“As we do this, we are clear that the state will retain ownership of all those state-owned enterprises that are strategic. This is so that these entities are able to perform the crucial economic and developmental functions that the market would not own be able to perform. ”

The government certainly does not intend to relinquish comprehensive state control and trust the free market. In the end, they placed SAA with terrible objection in business rescue – largely thanks to the continued pressure that Sol
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Eskom is now clearly lying, obfuscating and playing with words after it came to light that they are planning to pay out R1, 8 billion in bonuses by saying that it is 13th cheques, not bonuses.

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Take into consideration that it was Nersa – National Energy Regulator of South Africa – that called it bonuses in court papers, which is obviously statements made under oath.

Does Eskom now wants us to believe them over Nersa?
Eskom is now playing word and mind games with us by saying that it is 13th cheques, not bonuses . They also say that not all employees are entitled to these 13th cheques. That is where the lie alarm is going off and red flags are going up. What kind of employer does not give a uniform salary structure to its employees? Eskom also says. that employees can choose themselves if they want their total salary package to be divided into 12 or 13 cheques

So if we follow what Eskom has lied, we can then logically conclude that if an employee choose to have 13 pay packages per year and still gets an amount only intended for some employees, but not all, that amount only due for some is in fact a 14th cheque then.

If anyone still believes Eskom af
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BEE has de-industrialised SA, pushed it backwards in time – The oppressed has become the oppressor, and technological advancement is no longer possible as we enter the New Sanitation Dark Age

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Zimbabwe had land expropriation as the spark that caused its economy to implode. South Africa has a slower, but equally insidious, government policy that is pushing it backwards in time: Black Economic Empowerment (BEE).

This warped system has enabled corrupt individuals to benefit personally from contracts as the country’s key services have steadily eroded. While BEE provided the mechanisms for state capture, the SA-specific term for wide-scale graft, it has also facilitated the spread of parasites that have, and continue to, suck the life-blood out of the country. This is the assessment of environmental expert Professor Anthony Turton, who warned some years back that Eskom was in critical condition – but no-one was listening. Now raw sewage flows in many streets and the electricity is turned off for hours on end, in what looks like a return of sorts to the dark ages, he points out. Turton’s article, republished here with kind permission of the Daily Friend,
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Solidarity: Eskom is in crisis due to years of looting, mismanagement and race obsession; asking taxpayers to fund R1.8 billion in performance bonuses is wrong

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Eskom is in crisis and should be treated as a crisis. The company is hopelessly bankrupt and operationally fragile due to years of looting, mismanagement and race obsession. The new CEO, André de Ruyter, has to be given comprehensive powers similar to that of a business rescue practitioner. If Eskom is not treated as if it is in business rescue, it is going to explode on itself and South Africa.

Asking in court documents that taxpayers should finance R1,8 billion in performance bonuses does not fall within a framework of crisis thinking. We did not have access to the documents, but if they ask for R1.8bn worth of performance bonuses to be financed, it is wrong. Eskom’s bonus policy states that bonuses will only be paid out if the company makes a profit. The policy is also applied in this way. Our members have not received bonuses for the past two years. It is common practice in all companies for bonuses to fund themselves. It should be that way in Eskom as
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#TheAfricanWay – SA Faces Extended #RollingBlackouts Due to Collapsing Infrastructure Yet Eskom Secretly Wants To Pay R1,8 BILLION (R88,000 per employee) in Performance Bonuses!

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#ParasiticParastatal Eskom seems to have a strange idea about what a performance bonus is and why it actually gets paid. It secretly wants to spend R1,8 BILLION on performance bonuses for the current and following 2 years, even as we face phase 4-6 “load shedding” at the moment and it seems like daily rolling blackouts will be with us for quite some time.

According to Rapport Eskom did not disclose this fact to the public and NERSA (National Energy Regulator of South Africa) found out about this all by itself. It is not a new occurrence either as in 2017 Eskom paid out R4, 2 BILLION in bonuses, so they cannot claim ignorance. If that amount is evenly divided amongst Eskom’s 47658 employees, it amounts to R88,000 per employee!

In 2016 bonuses amounted to R2,1 BILLION. Last year Eskom did not want to give bonuses but were forced to give R10,000 each to more than 30,000 employees after they were convinced to go on strike. That amount was on top of a raise of 7, 5% for the n
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A New Year & A New Decade: More Communist Self Enrichment, Globalist Destruction of Identity & The African Way. You AiNtCeen Nothing Yet!

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At the time of year that most people in South Africa break away for a holiday, (the lucky ones that is), or relax at home, it has unfortunately become necessary to burst a few bubbles and challenge the mainstream narrative. South Africa is teetering on the brink and staring into the abyss as it stumbles into oblivion in the new year and a new decade. Just how bad it will be will become clear soon enough. Let those with ears listen…

We are facing a total onslaught of totalitarian and full blown communism enforced on us by a criminal black globalist mafia in the ANC and EFF, whilst at the same time having to face the collapsing economy it created, spiraling national debt which we won’t be able to pay back for generations – meaning we will probably end up as a possession of China – collapse of ALL state owned enterprises, #ParasiticParastatals like Eskom, PRASA, SAA, Post Office, SABC, Denel, SABS, SASSA, etc. whilst continuing to face ever increasing racial discrimi
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New Eskom CEO faces huge challenges, first task is to unbundle the state entity

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Andre de Ruyter started his duties as Chief Executive Officer of Eskom six days earlier by visiting each of the power plants individually to familiarize himself with the circumstances of each of them.

The new Eskom boss has an enormous task upon his hands, with the first task assigned to him, to unbundle Eskom into various entities. This will be executed amid unions that are strongly opposing to the unbundling due to for fear of unemployment.

There is an uncertainty about what his assignment looks like in terms of the recovery process to remove Eskom from the financial foes, but experts say it will require more than one man’s skills to correct the mess that has been made over 25 years.

In recent weeks, Eskom has constantly threatened that load shedding will be implemented if consumers are no longer frugal with power consumption, while Ramaphosa has promised that load shedding will not resume before mid-January.

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Brics Bank borrows bankrupt Eskom ‘R6 billion’ for battery system – Will the SOE ever be able to repay the loan and what happens if he is unable to do so?

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The bankrupt power provider has obtained a loan from the Brics Bank carried by five counties in the world, of which South Africa is one.

Eskom has secured a loan of R6bn with the aim to “store” electricity, which will work through a battery system.

The system will allow Eskom to store 360 MW across four provinces, but there are some resignations about the efficiency of its system, and some experts believe the money could have been better spent on setting up solar farms.

There are also concerns about Eskom’s ability to repay the loan at set times.

 
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Black advantage at the expense of the entire country and its residents does not work – “Bring white engineers back to save Eskom from ruin” asks NUMSA union

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Skill, knowledge, competence, reliability, and realistic remuneration have won over the ideology of black favoritism at the expense of the entire country and its inhabitants.

The trade union Numsa has now, after 25 years of other thinking, called on the regime to put together a team of experts in collaboration with the unions to save Eskom from ruin.

The experts, comprising a list of some 350 engineers, must be brought back to support the new leader in the Eskom network.

Numsa says the power provider does not have the human resources to do the necessary maintenance at the power stations.

Observers and expert engineers say it is striking that Numsa is suddenly taking a turn around over the expertise to be brought back, while screaming for 25 years against the whites employed.

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