Due to the to the default on forwarding payments by municipalities, Eskom is moving further into the red every month at a staggering rate of almost R1 BILLION every month! However, apart from SOWETO where users refuse to pay, most users do pay, but their payments get intercepted by corrupt Municipalities where the money is taken and fraudulently spent on luxuries and personal expenses of councilors.
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Should Electricity Users Pay Eskom Direct? Eskom Losing a BILLION a Month Because Corrupt Municipal Councilors Steal User’s Electricity Payments!
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Brace yourself for stage 8 #RollingBlackOuts or 10-hour daily blackouts, as corrupt municipalities are preparing for the worst
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Eskom was forced to implement stage 6 load shedding in December – its worst ever blackout – sending the country into a panic as not many people were aware of what that stage actually meant for them. Municipalities too, were caught off-guard, with Johannesburg electricity distributor City Power saying at the time that it had..
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Chaos erupts at OR Tambo as travellers scramble through the darkness after entire Kempton Park region has been plunged into darkness
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There was an eerie feel to the corridors of OR Tambo International Airport on Sunday, as a power cut rendered a majority of its electricity supply useless. A nearby sub-station had exploded earlier in the morning, and the entire Kempton Park region has been plunged into darkness – including SA’s busiest travel hub. Despite the..
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SABC financial crisis: National broadcaster faces total blackout
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With uncertainty over whether the SABC will be granted a government bailout, there are now fears that the broadcaster could be forced off air. Things are looking grim as far as the South African Broadcasting Corporation (SABC) is concerned, with fears that the national broadcaster is heading to a complete blackout. Long-standing financial strife in..
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SABC a sinking ship in a tide of debt – Need R3.2bn bailout to stay afloat
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Faced with an unenviable choice last month – either cough up to service its eight-figure municipality account, or settle the salary bill, the SABC took the high road and paid its staff. And while the lights are still on in Auckland Park, for now, anyway, the broadcaster is desperately hoping a R3.2bn government guarantee will..
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The SABC is on the brink of a total blackout – crippling debt and lack of relieve funding will force the state entity to cut its national broadcast
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The SABC is in danger of experiencing a total broadcasting blackout due to its crippling debt and lack of relief funding, according to a report in the Sunday Times. Speaking in an interview with the Sunday Times, SABC CEO Madoda Mxakwe said the public broadcaster is not able to pay its creditors and while the..
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Gupta coal deals bites Eskom – coal reserves are running out
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With winter fast approaching and electricity demand expected to peak‚ the Gupta coal deals have come back to haunt Eskom once again‚ says energy activist Ted Blom.
Blom warns that Eskom has less than ten days to implement drastic corrective measures or South Africa will face another blackout‚ which SA struggled with in 2008.
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