The national power supplier is struggling to keep up with its debt burden of more than R450bn and the ineffective functioning of many power plants. In addition to its own problems, Eskom has continued to act reluctantly against municipalities that do not pay their monthly consumption to Eskom, and Eskom is too cumbersome to act..
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Eskom with debt burden of more than R450 billion cuts power supply to parts of Soweto due to default
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Eskom which is battling with R441 billion debt, won’t be privatized – ANC-regime’s plan to save the power supplier from ruin disappointing
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Public Enterprises Minister Pravin Gordhan yesterday unveiled the government’s latest blueprint to kickstart Eskom, which proposes major shifts in the ailing entity’s business model. Politicians, as well as political analysts and financial experts are disappointed in the plan, whose content can be vague and probably poorly implemented, as announced by the minister. Not only did..
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#ParasiticParastatal Another 59 Billion Bailout Has Just Been Granted To Mismanaged & Corrupt Eskom Gravy Train
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The National Assembly voted in favor of a special allocation bill on Tuesday that allows a bailout of R59 billion to struggling Eskom. The bill was approved by 200 votes to 105 with ANC MPs believing the bill is essential to keep the lights on. These MPs argued that many of them grew up in..
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Power shortages in SA can last up to four years due to Eskom’s inability to produce
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The ANC-SACP government’s long-term plan with the economy is closely linked to the supply of electricity. The government has already published its “plan”, warning it of a so-called “immediate risk” of major electricity shortages that will arise. To make matters worse, it is stated that the large power shortages can last for four years due..
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Soweto owes Eskom more than R17 billion, still receives free power – culture of non-payment has now become a legacy of the ANC struggle
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According to a report by the Gauteng Department of Cooperative Governance and Traditional Affairs (CoGTA) submitted to the Gauteng legislature’s CoGTA committee, Soweto owes Eskom more than R17 billion, which is half of the country’s debt to Eskom. The information came to light last month when a FF Plus spokesperson, Amanda de Lange, announced it..
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Consumers face 80% electricity tariff hike to save Eskom from their self-inflicted mess
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Eskom has announced that they will put a four-point plan in place to get out of their self inflicted mess. They will firstly obtain an 80% increase in electricity through a court order, and secondly they will unbundle the entity. Third, Eskom will introduce savings measures. However, it is not indicated how and what savings..
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Eskom is SA’s downfall with net loss of R20.7 billion and a deficit of R59 billion
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The latest Eskom financial report just released shows once again that the entity is causing the country’s financial collapse. The shock announcement that the power supplier is showing a net loss of R20.7bn for the financial year confirms that Eskom is holding the ANC regime hostage. If the ANC regime wants to see the country..
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Cyber crooks try to hold Johannesburg’s City Power to ransom after a malicious program found its way on to the computer system and network
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After a cyber-attack that debilitated its servers, Johannesburg’s City Power says it has successfully restored electricity vending within hours of the security breach being identified. Some residents of Johannesburg were left in the dark as a ransomware attack took out the City’s power servers, preventing residents from being able to purchase and upload electricity units…
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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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#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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Disgruntled community members torched primary school following a protest against lack of electricity – How stupid can you be, asking for free education and now this?
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Gauteng education MEC Panyaza Lesufi is adamant that the department will not fix a primary school in Katlehong, Ekurhuleni, that was burnt down by community members complaining about the lack of electricity. Lesufi visited the Katlehong Primary School on Thursday, and said the department would arrange for the children at the school to be relocated..
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ANC-managed Victor Khanye municipality apparently owes more than R100m to water, and about R46m to electricity – residents now demand to know who are the culprits stealing all the money
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“We all pay our municipal bills regularly, who are stealing all the money”, is the question now asked by Delmas and local residents after it became known that millions of rand are in arrears on water and electricity. The Victor Khanye municipality, which includes Delmas, apparently owes more than R100m to water, and about R46m..
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#BlackPrivilege – Townships in SA to receive one free unit of electricity for every unit bought
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Government wants townships to use more electricity – and may give them one free unit for every unit bought Informal settlements may get one free unit of electricity for every unit purchased in a bid to increase power usage and reduce air pollution in townships. In its strategy to address air pollution in dense low-income..
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Eskom on the verge of financial ruin and cannot cover its interest payments
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Ted Blom, an energy expert, said in an interview that Eskom is on the verge of financial ruin. The remark from Blom follows after the promised loan from China to Eskom did not materialize. Currently, Eskom is selling too little electricity to cover its operational costs and interest payments. Pravin Gordhan believes Eskom will take..
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