The fact that Eskom is in a bad position is common knowledge, and this news are reaching investors abroad. The dire condition of SA’s economy makes investors hesitant to invest in the country since they will be risking their money in the maze.
After the ANC regime finally realized, after 25 years of mismanagement, that they needed to find a competent person to get rid of the mess, Andre de Ruyter was appointed to the unenviable position.
His statements about Eskom are by no means flattering, and how such an enormous debt burden will be worked out, providing constant, sustainable power to the whole country, was asked too much from one person.
His meeting with the Eskom directors on Wednesday is likely to deal with the many “unplanned maintenance” that needs to be done, and clearly shows that regular checking of equipment is not done.
This is one of the main reasons why Eskom cannot provide sustainable power supplies, and experts believe that is why there is a total surplus of skilled workers who do not provide professional service.
De Ruyter’s discussion with the board of Eskom could also indicate how he was accepted by the crowd who could not prevent the entity from going bankrupt.