National Treasury director-general Dondo Mogajane has said that the best way to fund the bailout of failing state-owned enterprises could be to cut the salaries of all government employees by 10%, according to a report in the City Press. The government has to find a way to close a R120-billion hole in its budget, which..
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Government employees face 10% salary cut to fund crippling Eskom since National Treasury’s box is empty
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Parasitic Parastatal Eskom, is holding the ANC hostage. Demands funds or else the whole of SA will suffer without power
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If there is no funding, there will be no change, and the ANC regime will be guilty party because he made the appointments in the power utility’s senior posts. This is the opinion of a political analyst after Finance Minister Tito Mboweni announced that Eskom needed R59bn to remain operational. The minister announced in Parliament..
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Controversial ex-Eskom acting CEO awarded licence to produce solar energy in Zimbabwe – Matshela Energy will build a solar plant which is expected to produce 100MW of electricity
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A company owned by former Eskom acting CEO Matshela Koko, has been granted a licence to produce solar energy in Zimbabwe’s Matebeland South Province. Matshela Energy will build a solar plant which is expected to produce 100MW of electricity, in a bid to ease Zimbabwe’s electricity supply crisis which has led to outages lasting up..
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State Treasury plundering continues – your tax money will fund Eskom with a further R59bn
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Eskom will receive a further R59bn bailout over two years from the government to keep the bankrupt power provider standing. This follows the R69 billion already approved for a three-year period. Eskom’s debt currently amounts to R440bn and is considered the biggest risk to the South African economy. How much money is still to be..
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Soweto’s huge debt burden amounts to more than R17 billion, where illegal power connections are more the rule than the exception in residential areas
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Soweto has been identified as the great sinner when it comes to outstanding debt to Eskom. The latest figures show that Soweto’s debt to the power provider is over R17bn. Last week, technicians threatened that they would no longer perform repairs in neighborhoods where their security is threatened, areas effected including Soweto. Herman Mashaba, the..
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Just a pity the ANC regime decided that Eskom must come to aid of those who cannot pay! – Bankrupt Eskom now wants to stop power supply to areas that sabotage power-lines
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Eskom said in a statement that it had decided not to provide the power to areas that have repeatedly interrupted due to line sabotage connections and meters that are bypassed with other connections. Line connections cause power outages when illegal power drains are done, and Eskom workers are often chased out when repairs are needed…
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#Blackprivilege: ANC wants Eskom to come to the aid of residents who, for long periods, have been struggling without electricity, because they refused to buy it. This is discrimination and totally unfair!
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The ANC Caucus in Johannesburg has called on Eskom to lace up its bootstraps and reconnect the power supply to communities like Soweto, Ivory Park and Diepsloot. The call from the party came in the form of a march to the power utility’s headquarters at Megawatt Park in Sandton. The ANC Caucus handed over a..
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Urban municipalities’ power-shock – Prepaid electricity charges cause huge uproar from consumers
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The City Council of Johannesburg quietly withdrew the new prepaid electricity rate charged to consumers. The application of the municipal levy came as a surprise because it was not included in the proposed budget of the CityPower’s tariff document released in March. The R200 levy was quietly withdrawn and was not charged against consumers on..
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Eskom now in bed with MultiChoice – Current CEO of bankrupt National Power Supplier that is plagued by corruption, fraud and money laundering, now on board of pay channel
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Eskom is subject to fraud, money laundering, illegal tender awards and theft that results in the Chief Executive Officer of the entity or being dismissed or being prosecuted for all kinds of underhand operations. The “life span” of a CEO at Eskom is not very long. Those who are still trying to get things right..
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#Blackprivilege: Community members who neither buy nor pay for electricity services outraged after electricity supply was cut and demands Eskom to restore power
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Eskom and municipalities lose about R4bn per annum, due to electricity theft. The power utility said over the past three years it has disconnected 76 931 illegal power connections. Informal settlements in Protea South and Kwa-Thema are the areas where illegal power cables stretch like cobwebs to provide electricity to more than 6000 residents. A..
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SA faces rating crisis due to ANC-controlled Eskom’s gross debt of more than R440bn – How will Ramaphosa overcome this problem without abusing public funds?
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Despite the R230 billion bailout the ANC president promised to Eskom over the next ten years, they are now asking the government for further assistance. At this stage, it appears that the government is going to trade Eskom’s debt for government bonds or through the creation of a special account. According to the Treasury, the..
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SA government racism against whites! Eskom says ‘no thanks’ to skilled engineers and technicians and would rather employ 30% BEE pass rate candidates
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Eskom was offered a list of 480 skilled and experienced professionals who are keen to help the company, but it did not contact a single person on the list. In February trade union Solidarity launched a website where experienced engineers and technicians registered to offer their skills to help Eskom. The initiative followed an announcement..
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Zim government paid $10 million to Eskom to clear debt, receive power import after country left in the dark for up to 16 hours a day without power
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HARARE – Zimbabwe’s energy minister said the country had made a significant payment to Eskom to try to clear its debt and receive power imports from South Africa. This comes amid heightened load shedding, that has seen most areas of the country going for up to 16 hours a day without power. Energy Minister Fortune..
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State owned Eskom is killing South Africans with its China-level pollution
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In Pullens Hope, your eyes itch and your nose clogs. It’s easy to figure out why. On the right side of the main street of the dilapidated village east of Johannesburg is a fenced-off electricity substation with a red sign warning of pollutants. On the left, a power plant belches emissions from burning coal into..
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ANC regime is going to throw more money funded by taxpayers into the bottomless pit of Eskom, amounts are unknown
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Amidst many promises and assurances before the general election, the lies have triumphed again, as Eskom seems to be getting more money from the government. Stubborn reports indicate that an Eskom delegation has visited the ANC’s president, Cyril Ramaphosa, and some of his cabinet members, and talks have been held in Genadendal. Unconfirmed reports state..
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