The ANC president’s plan to get Eskom out of the mess has yet to come to light and is apparently a state secret or no such plan at all.
That’s the opinion of an expert in Pretoria who set his sights on the president’s promises that never come true, he said.
The Ramaphosa plan to cut Eskom’s debt burden, which is now past the R440bn mark, and to manage the entity in such a way that it makes good profits without introducing excessive rate hikes, requires much more than a Ramaphosa plan, it is said.
The power provider’s loss for the past financial year amounted to R21 billion, which is a clear indication that the ignorance of applying good management practices is completely lacking.
The Ramaphosa plan will have to be slightly more than it has so far announced as plans, and to turn a R21bn loss for the current financial year to a favorable balance, more expertise is needed than Eskom currently has.