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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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Power outages cost SA millions of rands a day and could mean an economic downfall

Posted on 18/10/2019 Leave a comment

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.

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Shale Gas energy can help Eskom to contribute to greener economy, it is a pity that there is no money for this initiative and underground water can be destroyed

Posted on 30/08/2019 Leave a comment

Experts believe the solutions to all of Eskom’s problems lie in converting to gas to eliminate coal pollution.

The investigation shows that gas will eventually be cheaper than coal, while the gas plant will cause about 80% less air pollution.

However, the conversion will be accompanied by high expenses, and the power supplier does not have a single cent to accomplish it.

In addition to the cost of conversion, there is the fear that renewed efforts will be made to mine the Great Karoo for underground gas, while destroying the region’s underground water.

A Brazilian expert says they have gained years of experience with clean energy systems such as hydro-energy generation, sugarcane and ethanol, which can all help to produce cleaner generation.

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Lies, Lies and just more lies! It is absolutely sickening how Ramaphosa is deceiving the world by telling foreign investors at Davos that law and order are recovering in the SA, but in the same breath does not mention anything about the 50 killings that take place daily

Posted on 27/01/2019 Leave a comment

The ANC president, Cyril Ramaphosa, announced that plans to stabilize Eskom would be announced within “a few weeks”.

According to him, the power supply is therefore unstable. However, he has not expanded what the plans are to pay off the R420bn debt.

He also boasts in Davos that law and order are recovering in the country, but mention nothing of the 50 murders that take place daily in the country.

It is said corruption took place while Ramaphosa was in the seat as the ANC’s deputy president of the country and he did absolutely nothing to stop it. So why will he step in now? To recover under the dispensation of the ANC-regime where many corrupt people are sitting in key positions, will be a very challenging task and in some instances not physically possible.

Read the original article in Afrikaans on Die Vryburger

This report does not necessarily reflects the opinion of SA-new

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