Energy expert Ted Blom says that South Africans are paying more than double what they should be for electricity in the country, and it’s funding Eskom’s corruption and mismanagement. Eskom this week reported a loss after tax of R2.3 billion for the year ended March 31 from a profit of R900 million 12 months earlier…
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You’re paying more than double what you should for electricity in SA
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Price of Eskom electricity expected to double by 2021
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Buckling under the strain of seemingly insurmountable debt, Eskom looks set to implement massive electricity tariff hikes aimed at staving off a complete financial and structural collapse. South Africans are inevitably left to foot the exorbitant bill, caused by gross mismanagement, and nepotism, leading to R19 billion in irregular expenditure, coupled with a long list..
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South Africa’s electricity system is falling apart – and it is much bigger than just Eskom
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Load shedding has returned to South Africa in recent weeks after striking Eskom workers sabotaged the national grid. However, this is not the biggest problem facing the country’s electricity system. MyBroadband has received new research on power outages in South Africa over the past two years, which shows a drastic increase in the number of..
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ESKOM wants a 30% price hike as part of its plan to recover tens of billions of rands
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The power utility had requested a 30% hike as part of its plan to recover tens of billions of rands lost to coal procurement, as well as the lower than expected electricity sales between 2014 and 2017, which some have labelled as the “Gupta years”.
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ConCourt rules on new owners’ historical debt.
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The Constitutional Court on Tuesday ruled that new home owners are not liable for historical debt taken over from previous owners. Municipalities such as Tshwane, eThekwini and Ekurhuleni — as well as the cooperative and governance minister — argued against a landmark high court judgment in 2016, which made a similar ruling. The high court..
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White Slaves In South Africa: Black Municipality Raises Taxes by 16000% and disconnects Electricity as Blackmail
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The saying that you should not expect results from the work you did not do, does not seen to apply in South Africa where 85% of the Taxpayers did NOT vote for the ruling party. As from July 2015 Thabazimbi Municipality increased the rates and taxes of the mine from R660,000 per annum to a..
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While mostly white South Africa has countrywide Blackouts, construction at overdue new Power Station is on African time with shortened working hours.
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Jacob Zuma alluded to white people claiming that they do things better than blacks in his State of the Nation address. Let us look at what is arguably one of the most important and biggest projects undertaken by his black regime which should be a flagship example. The state-owned utility’s inability to complete the Kusile..
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