The alleged heavy service cost that has doubled within a single year span, which climbed to R45 billion, is the reason Eskom has failed as a power provider.
With 90% of electricity supplied by Eskom in the country, and the dramatic cost increase, Eskom is deeply in the red with government and other financiers.
The power provider is not only the largest state enterprise in the country but also the biggest debt burden and is currently the biggest risk to the country’s economic situation.
State guarantees of R350 billion and the possibility of power reductions and interruptions that pinch industrial industries, it is the single largest risk factor in the country’s economic situation.
Analysts believe the power provider is not only harming industrial production, but its how power tariffs cause alternative sources to be used to provide power that is also considered more reliable.
The overload in staff is one of the main reasons why spending is high, while too many appointments of untrained workers contribute to poor functioning.
Read the original article in Afrikaans on Die Vryburger
This report does not necessarily reflects the opinion of SA-news.