Posts tagged with 'Eskom'

 

SA sport will follow the same path as SAA, Eskom with ANC interference” – Regime is simply unable to manage country, entities or municipalities

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“The Sports and Recreation Amendment Bill published last week is nothing more than an attempt by the ANC government to nationalize sport and thus once again expand and promote the party’s ideology at the expense of the country, “says Heloïse Denner, FF Plus MP and chief spokesperson for sport.

“The ANC has proven many times that it is unable to properly govern and manage the country, its institutions, municipalities and entities.

“Eskom, SAA, SABC and Prasa are just a few examples of this and organized sports will follow the same path if the bill is adopted in its current form.”

“Organized sport once again proved this year that government interference is not necessary. Where the right people are appointed in the right places who are experts in their field, South African sport is doing well. Siya Kolisi speaks for itself.

“Government intervention will inevitably endanger South African athletes and sports teams’ participation in international competitions su
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Eskom engineer not entitled to promotion because he is white, no wonder the power utility is in such a mess

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A white engineer at Eskom is being assisted by Solidarity trade union after he applied 2 times for posts at the power station where he currently works – posts for which he was the best candidate – but was told that the posts can’t go to him because he is a white male.

Eskom’s initial plan was to reduce whites in engineering posts with 336 but that plan was dropped in February this year after the Eskom CEO Phakamani Hadebe asked for a postponement from the Labour department because of a critical skills shortage. A black candidate who was not fully qualified got the one post for which the white engineer applied in a temporary capacity because there is no black engineer available who is fully qualified. The post has to do with risk management of high pressure equipment and an engineer has to have a specific certificate to be able to do that.

The white engineer has that certificate, the black engineer don’t and now the white engineer still has to do the job of the bl
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SA Reserve Bank’s worst-case scenario fast becoming a reality – economy to lose 1.1 percentage points in growth, leading to the loss of 125 000 job opportunities

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The SA Reserve Bank’s worst-case scenario, which would see the country’s economy lose 1.1 percentage points in growth and lead to the loss of 125 000 job opportunities, is fast becoming a reality.

The central bank’s latest forecasts predict that the economy will sacrifice 0.4 percentage points in GDP growth if Eskom’s availability factor declines to 65% for a few months.

If the power station fleet staggers to 60% availability, the expectation is that 1.1 percentage points will be lost.

Up until last week, Eskom had only been able to deliver 63% of its installed capacity.

The past week saw a historic low for Eskom, with the ailing state-owned enterprise being forced to implement stage 6 load shedding (rolling blackouts).
The current wave of rolling blackouts is the fourth time that extensive blackouts have occurred in South Africa since 2007.

It is not yet known what the availability figure over this period was, but it is expected to be significa
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NO SABOTAGE AT ESKOM – POWER GRID IN SA FACES TOTAL COLLAPSE

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Now the truth comes out, and it is not what Ramaphosa told you . Ramaphosa told the country this past Wednesday that sabotage was the reason for phase 6 loadshedding and it happened when an unspecified instrument was disconnected from one of the boilers at the Tutuka power station and that this led to the loss of as much as 2000MW of power.

But in an investigation by Rapport this statement was found not to be true.

The truth is a lack of planning and maintenance of power stations, especially the boilers. Rapport has spoken to both an energy expert, Mike Rossouw, and Solidarity who has many members in that sector and the true state of Eskom was revealed by them. The loss of 2 units at Tutuka power station, where Ramaphosa said sabotage is to blame, has more logical reasons and it boils down to a lack of maintenance.

Deon Reyneke, Solidarity trade union’s deputy head responsible for Eskom, has given the true reasons for the loss of 2 units at Tutuka. The first
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Ramaphosa: “Surprised and shocked” – Repeats the excuses of the last twelve years on Eskom – ANC is the most brilliant thieving organization in the world but the most useless when it comes to governing

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Ramaphosa is surprised and shocked. But in 2 years of his presidency not one single person has been charged in connection with the hundreds of billions of Rands looted from places like Eskom under Zupta rule and before that under the ANC. The ANC is the most brilliant thieving organization in the world but the most useless when it comes to governing.

President Cyril Ramaphosa briefs members of the media on the outcomes of his meeting with the Board and Management of the national power utility Eskom held at, 11 December 2019, at the Eskom Megawatt Park in Johannesburg. The President met with the Board and Management to be briefed on plans to mitigate and resolve the current electricity crisis affecting most of the country.

In the end, Cyril Ramaphosa and his government failed to commit to a date on which to deliver desperately needed new generation infrastructure to alleviate power rationing, despite the glaring need in Eskom’s infrastructure capacity. What this
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Load shedding due to poor workmanship at failed Medupi power plant, though Ramphosa points finger at sabotage

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The Phase 4 load shedding forced on South Africa this past week is attributed to poor workmanship with the erection of the Medupi power plant, which was initially highly praised by the ANC government.

The power plant has caused so many problems in the past week that the Eskom management had to take the load to Phase 4.

Although no one is prepared to explain what the bugs are at Medupi, observers have pointed out that there as some serious flaws that need to be corrected that forced Eskom to switch to Phase 6, and then back to Phase 4.

Experts believe the Medupi Power Plant will not be able to deliver up to its full capacity for several days, which means that South Africa will continue to see billions of rand being wasted for days.

All indications are that the current slump in the country’s economy may force Moody’s rating agency to recognize that junk status is now a reality.

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#Rollingblackouts in SA mos definitely caused by BEE, racial quotas, cadre deployment and outright looting!

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Yes, without a doubt the c-ANC-er broke Eskom, like they broke everything else. And they are making money from it too.

It is known that the ANC’s investment arm called Chancellor House made a 5000 % profit on its investment in Hitachi South Africa which had the tender for the boilers of Medupi and Kusile power stations. It was also reported in the media that Hitachi did a shoddy job with the welding of the boilers, which will shorten the life expectancy of the entire Medupi and Kusile. Chancellor House is also a shareholder of Pfisterer, a Pietermaritzburg based company supplying equipment to Eskom.

Today Eskom is producing less electricity than in 2007, costing more per unit price and using a bigger workforce than ever before, earning bigger salaries and bonuses.

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14 SOEs rack up more than R1.4 billion in irregular expenditure

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Auditor General (AG) Kimi Makwetu said not one of the 14 big state-owned entities (SOEs) audited by his office received a clean audit, a poorer outcome than last year.

Makwetu was revealing the results of the national and provincial audits for the past financial year at Parliament on Wednesday. He said the financial health of SOEs remained under significant pressure with doubts about whether they could continue operating without further financial help from the government.

Makwetu said the 14 SOEs notched up R1.4 billion in irregular expenditure but warned this figure could rise as four of them – Denel, the SABC, SA Express and the SA Forestry Company could not make full disclosure on this.

Meanwhile, irregular expenditure racked up by Transnet (R49.9 billion) and Eskom (R6.6 billion), who have private auditors, amounted to R57 billion.

“The SA Post Office, for example, has slipped back to a qualified opinion and the Development Bank of SA regressed to a
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Pull the generator closer and get those candles ready, Eskom #rollingblackouts will be with us shortly

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Eskom expressed its disappointment over the decision of the rating agency Moody’s that further downgraded the bankrupt entity of the state.

The Moody’s Investment Service downgraded Eskom from a B2 to a B3, which means the entity has no confidence in consumers or the rating agency.

With the downgrade, Eskom is brought into line with the poor performance of the ANC’s financial standing, and the distrust it creates at international and national level.

So the possibility exists that with the crisis management system, Eskom can once again start applying the load shedding system to alleviate its financial position, but the country will perish because of the impact it will have on the general financial position.

Late yesterday afternoon, Eskom acknowledged that it could reintroduce short notice “because the system is under pressure”, which is believed to be financial pressure.

 
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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

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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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