Soweto has been identified as the great sinner when it comes to outstanding debt to Eskom. The latest figures show that Soweto’s debt to the power provider is over R17bn. Last week, technicians threatened that they would no longer perform repairs in neighborhoods where their security is threatened, areas effected including Soweto. Herman Mashaba, the..
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Soweto’s huge debt burden amounts to more than R17 billion, where illegal power connections are more the rule than the exception in residential areas
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Eskom now in bed with MultiChoice – Current CEO of bankrupt National Power Supplier that is plagued by corruption, fraud and money laundering, now on board of pay channel
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Eskom is subject to fraud, money laundering, illegal tender awards and theft that results in the Chief Executive Officer of the entity or being dismissed or being prosecuted for all kinds of underhand operations. The “life span” of a CEO at Eskom is not very long. Those who are still trying to get things right..
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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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SA government racism against whites! Eskom says ‘no thanks’ to skilled engineers and technicians and would rather employ 30% BEE pass rate candidates
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Eskom was offered a list of 480 skilled and experienced professionals who are keen to help the company, but it did not contact a single person on the list. In February trade union Solidarity launched a website where experienced engineers and technicians registered to offer their skills to help Eskom. The initiative followed an announcement..
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Zim government paid $10 million to Eskom to clear debt, receive power import after country left in the dark for up to 16 hours a day without power
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HARARE – Zimbabwe’s energy minister said the country had made a significant payment to Eskom to try to clear its debt and receive power imports from South Africa. This comes amid heightened load shedding, that has seen most areas of the country going for up to 16 hours a day without power. Energy Minister Fortune..
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If you are white, you are out as tenders go says Pravin Gordhan – there really are no good ANC politicians
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Ironic that Pravin Gordhan was the man who implemented the BBBEE regulations that contributed greatly to the demise of Eskom and other SOE”s and forbade business with any company not under black control. Ironic because, as the current minister for Public Enterprises, he now has to fix the problems he helped to create previously when..
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Ramaphosa rejects privatization of SOE’s although the whole lot is poorly managed by incompetent staff, and cost SA billions of rands
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President Cyril Ramaphosa has reaffirmed government’s plans to support ailing state-owned enterprises (SOEs) and made it clear that there’s no intention to privatise them. Ramaphosa was replying to debate on his State of the Nation Address at a joint sitting of Parliament on Wednesday. He did not respond directly to criticism from opposition benches, instead..
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These South African companies are retrenching staff in 2019 – Most probably BEE compliant as well – Unemployment has already soared to 27.5%
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Multichoice has joined the bandwagon of South African companies that are cutting jobs to stay afloat in these difficult times. Why are these South African companies retrenching staff? The satellite network stated that, although billions of rand in returns were reported for the 2018/2019 financial year, consumer behaviour and data on their digital self-service shows..
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Experts say R230bn is not nearly enough to save sinking Eskom and believe leadership leadership and instability is the biggest problem at state entities
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During his speech before the SONA the ANC president, Cyril Ramaphosa, said Eskom could not go down and that the state would see to it that there is enough funds available to keep the entity going. According to experts, its R230bn is not enough to save the failed power supplier. Chris Yelland, a well-known energy..
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You, the taxpayer are going to pay for Eskom’s failures and probably Soweto’s debt too – Tax increase on the cards
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President Cyril Ramaphosa said in his recent state of the nation address that Eskom is facing serious financial, operational, and structural problems. While Eskom has sufficient cash to meet its obligations until the end of October 2019, its financial position remains a matter of grave concern. “For Eskom to default on its loans will cause..
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A study show that air pollution by Eskom and Sasol is killing South Africans
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A new study on air pollution by Eskom, Sasol Synfuels, and Natref provided shocking evidence of the harmful effects caused by these organizations to the environment and to human health. The study was conducted by Dr. H. Andrew Gray of Gray Sky Solutions, an air pollution research consulting firm specializing in particulate matter (PM) and..
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Dear Taxpayer, brace yourself for some more SHOCKING news:- Eskom: Yet another taxpayer-funded bailout looms amid court action
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Dig deep, Mzansi. Eskom wants your tax money again. Rumors of a fresh bailout have been sparked after a Treasury official said it’s a case of “when, not if”. Power giants Eskom have suffered a double-blow this weekend after it emerged that they would need bailouts on top of bailouts to really get itself up..
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While Eskom is struggling to acquire funds by making even more debt with loans to keep power grid stable, thousands of households are using solar power as an alternative to electricity in Northern-Cape
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Northern Cape residents were given great relief, which would keep loadshedding at bay. While Eskom is struggling to make even more debt with loans so that it can remain standing, the residents have erected a solar farm near Kathu in the Northern Cape that can deliver an average electric power of 100 MW, which will..
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Relatives of ANC leader named as firm comes clean:- Jessie Duarte’s son, ex in kickback scandal
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A company that scored tenders worth millions of rands from state-owned enterprises diverted money meant to fund supplier development programmes to ANC deputy secretary-general Jessie Duarte’s family members in return for them assisting it to snatch more state business. Combined Private Investigations (CPI), a company that was previously found to have spied on journalists and..
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China is holding the ‘switch’ in it’s hand, doing business with them is dangerous, with another Eskom crisis, China withheld the R7bn loan, they already own one Eskom plant, Load-shedding highly possible
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Well, this doesn’t look too clever. It’s reported that Eskom will be R7bn lighter this month, after its Chinese lenders raised their concerns. South Africa could be set for another round of drama from Eskom, as the ailing power utility has reportedly failed to receive R7 billion in loan payments initially set to come from..
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