Ramaphosa’s government doesn’t have an economic policy. All that’s been forthcoming is a stimulus package, plus two summits.
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It is reported that Cyril has no solid economic policy, is that why he is just borrowing money from everywhere?
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Former adviser has encouraged the South African government to bailout ESKOM (the-bottomless-pit) otherwise load shedding will just continue
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The South African government needs to “bite the bullet” and bail out struggling state-run power firm Eskom, which has asked for R100 billion in government support, the chief executive of Rothschild & Co in South Africa told Reuters.
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Rolling Blackouts in South Africa Because Treasonous ANC Regime Sells Best Coal To China and Uses Proceeds Elsewhere?
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Despite, (or thanks to Billions in foreign investment in Eskom), 7.2 Million tons of SA’s best coal is destined for China from Richards Bay Harbor while South Africans suffer under rolling blackouts. 36 Chinese ships are waiting for coal to be loaded in Richards Bay Harbour. Each ship takes about 36 hours to be loaded with 200,000 tons of coal per ship average. The coal is Grade A anthracite.
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Well Eskom, this is sooo obvious:- Load shedding invites an increase in criminal activity
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Load shedding comes with its heaps of problems, let alone an inconvenience. While South African citizens and businesses grapple with the inconvenience of load shedding, the South African Police Service (SAPS) is on high alert for an underlying threat: criminals taking advantage of power outages.
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Shocking news, Eskom’s big coal whopper and they would like to point the finger to you the consumer for using too much electricity
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There is no shortage of coal, as Eskom claims. Instead, the coal is piling up at the mines, uncollected by the utility, Anna Marth Ott, CEO of Middelburg Chamber of Commerce and Industry, said yesterday.
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Petrol is down, but Eskom address claims that load shedding is scheduled for Christmas
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No need to stick the turkey on the braai, everyone. Eskom spokesperson Khulu Phasiwe has confirmed the lights will stay on during Christmas.
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Is this a case of ‘your sins are catching up with you’ or not – Gupta-owned mine CEO killed in alleged hit
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A manhunt has been launched to try and track down those responsible for an alleged hit on the CEO of a Gupta-owned mining company. Jagannath Arora was gunned down while driving in Midrand in northern Johannesburg on Saturday night.
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Eskom are in deep trouble, they are going to shuts down 11 power station units, load shedding imminent!
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South Africans can expect load shedding this weekend after Eskom was forced to shut down 11 power station units due to a lack of maintenance.
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President is gallivanting throughout the world while violence, protests, murder, strikes are on the order of the day and SA’s debt is getting bigger – wonder if he would repeat his lies on farm murders in SA overseas
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Municipal and city council debt to Eskom is in an upward spiral with the latest figures of R17 billion by the end of September. The same pattern is found at the various waters where little progress is made with debt collection. A number of recommendations have been made but no decision has yet been taken..
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Eskom has troubles again, they warn of summer load shedding, you may experience unplanned outages
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South Africans are still reeling from the not too distant memory of rolling blackouts which struck at the most inopportune of moments back in 2008.
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DA says:- Eskom is a ‘zombie’ state-owned entity
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Cape Town – The DA on Monday said its private member’s bill aimed at dismantling Eskom’s monopoly would be an interesting test to see whether the ANC was serious about viable solutions to bring South Africa out of its economic crisis.
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Goodnews, but will it be executed, Mboweni says Eskom needs to shed 30 000 jobs
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“It does not make sense that R8 out of R10 goes to salaries and unions still demand service. Where will the money come from?” – Finance Minister Tito Mboweni…….
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This is outrageous, Eskom says it is entitled to an electricity tariff increase of 90%
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Eskom maintains that it is entitled to a 90% increase, but, in order to spare the average South African consumer, it will settle for less.
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This ‘gift’ of R370bn from China needs to be scrutinised, don’t you think??
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Given South Africa’s current economic woes, one would think that China’s recently announced investments in the country — the R33-billion loan from the China Development Bank to Eskom and the R370-billion toward a stimulus package — would have resulted in jubilation. But, bar the praises of a few government ministers, the news has gone down like a lead balloon.
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Get the candles ready and brace yourself for another round of load shedding since Eskom’s power stations only have a ten-day coal reserve left
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More than 25% of Eskom’s power stations only have coal for ten more days. The “big” plan to drive coal from Medupi to Ellisras to the Eastern Transvaal power stations apparently did not happen. With the coming rainy season it will be even harder to transport coal, and wet coal is often given as a..
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