THE STATE CAPTURE TO END ALL CAPTURES: True to their word, the ANC’s Ramaphosa and Nkosazana Dlamini Zuma (NDZ) are using the extended CCP-virus lockdown, as a cover to propose changes to the Pension law in order to grab pensions for massive redistribution of wealth, and tender fraud on a scale never seen before! Né Cyril? We should have known. The ANC is coming for your pensions with it’s promised radical transformation, turning the country into a fully communist, totalitarian and fascist black supremacist hellhole. In short they are throwing more wood under the pot in which they are slowly boiling the white minority frogs. Lots and lots of wood.
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ANC Using #Covid19SA to Justify Plans to “Discipline Private Sector”, Nationalise Pensions & Plunder Central Bank Reserves in “Radical Transformation”!
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Greedy Ramaphosa & ANC Want More From Their Personal BEE Cash Cow, Eskom – He Finally Admits Medupi & Kusile Are Unreliable (Have Been Bled Dry) Even As The Blame Game Rages On…
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Planning to fail: Having pocketed millions, if not billions, by plundering Eskom in all sorts of ways through a variety of tender companies and who knows what else, it seems Cyril and The ANC have finally realised the Medupi & Kusile projects have bled dry, and are now looking for new ways to employ (steal) taxpayers money, to continue bleeding them dry… yet another new huge expensive project with new tenders, contracts, bribes & kickbacks. It is the same all over South Africa, build a new school, extort tenders, contracts, bribes & kickbacks. Then burn it down and steal more from the taxpayer by building another school with more tenders, contracts, bribes and kickbacks. The African Way.
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#Rollingblackouts in SA mos definitely caused by BEE, racial quotas, cadre deployment and outright looting!
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Yes, without a doubt the c-ANC-er broke Eskom, like they broke everything else. And they are making money from it too. It is known that the ANC’s investment arm called Chancellor House made a 5000 % profit on its investment in Hitachi South Africa which had the tender for the boilers of Medupi and Kusile..
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Medupi and Kusile power stations are still “off the grid” due to poor construction work, corruption and cost overruns
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More than 600 senior officials from Eskom and some executives were informed of the entity’s “turnaround” plan. According to documentation, Eskom is sitting without cash and has almost completely collapsed on several occasions. R130bn has been loaned to the power provider and the state is expected to help as government announces increased tariffs. Eskom unbundling..
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Multi-Billion coal-fired power station in crisis – Not one of Kusile’s six units is delivering power into the grid due to lack of skill and maintenance
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Eleven years after construction started on Eskom’s massive 4800 MW Kusile coal-fired power station in Mpumalanga province, South Africa, not one of its six 800 MW generator units is currently delivering power into the grid. Construction started at Kusile in 2008, and all six generation units were planned to be in commercial service by the..
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Kusile under financial crossfire – R36 billion owed for alleged arrears for semi-completed power station with design flaws
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Kusile, as one of the two new Eskom mega power stations that is supposed to deliver to supply sustained electrical power for the country, is apparently caught up in financial crossfire. In addition to the enormous escalation of construction costs due to mismanagement and corruption, contractors at the semi-completed power station claims amid design defects..
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Eskom in deep trouble as China withholds crucial R7-billion loan – partial loan to be paid out by China to bankrupt Eskom never occurred due to fears that bankrupt state entity would use money to pay salaries
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China is withholding a R7-billion payment meant to help Eskom combat its current financial issues due to fears that the power utility will not complete its power station construction projects. According to a report in the City Press, the Chinese Development Bank (CDB) has become wary of Eskom’s promises and is concerned that it will..
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BREAKING NEWS:- Load shedding likely to return this week, “high risk” of blackouts forecast
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The spectre of load shedding is set to haunt South Africans again this week, as Eskom reveal that there’s a “high risk” of power cuts over the next few days. Pravin Gordhan, Jabu Mabuza and a team of Eskom executives vowed to keep the lights on throughout winter last week. Their guarantee made it five..
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Do you think that Pravin Gordhan has the Eskom case under control, well think again, report suggests that load shedding is about to get much worse in SA
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As Eskom’s old units go offline and the cost to replace generational capacity soars, the severity of load shedding may well increase over the next decade. If we think we’ve had it bad with load shedding this year, we should brace ourselves for the decade ahead. That’s the message coming from Bloomberg on Monday after..
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Ted Blom vs. Eskom vs. Pravin Gordhan:- Here’s how Eskom plan to get rid of load shedding this winter, or is all of this just a ‘little white lie’
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Is this mission impossible, or can the problems at Eskom be fixed during the winter? Here’s how the power giants plan to banish load shedding for good. Pravin Gordhan has sniffed an opportunity to get Eskom back on the right track. At a media briefing on Wednesday, he cut a different figure from the man..
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ESKOM gives a US company a blank cheque, and they are cashing it in for a whooping R13bn
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The US company that designed the extremely flawed Kusile Power Station in Mpumalanga was given a blank cheque by Eskom, which it cashed in to score R12 billion. Despite the fact that the engineering consulting firm Black & Veatch, which is situated in Kansas in the US, delivered shoddy work that continues to hobble Kusile’s..
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During the ANC regime, roughly R500 billion has been looted by Eskom contractors, which partly explains why South Africa is in such a big financial mess – it is unsure if the culprits will be brought to justice
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A Special Investigation Unit is currently investigation more than eleven contractors whom are suspected of robbing the power utility of billions of rand. The contractors looted R130 billion from Eskom during the construction of the two new power stations, Medupi and Kusile as well as the Ingula power station. From the so-called “inner circles” it..
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Numsa wants Gordhan’s head over extraordinarily high escalation costs at new failed power stations – according to Gordhan, power stations are “poorly designed and poorly erected”
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Trade union Numsa demanded that the Minister of Public Enterprises, Pravin Gordhan, be dismissed for the extraordinarily high escalation costs at the Medupi and Kusile power stations. The construction cost has doubled to almost R292 billion and both power stations are described as “poorly designed and poorly constructed” by Gordhan. Earlier, it was confirmed that..
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This is what happens when BEE contractors are prefer over skilled labour!: Medupi and Kusile- The two new coal-fired power stations’ “error” repair costs already amount to R2 billion.
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According to observers, the repair costs of errors at the Medupi and Kusile coal-powered power stations are already nearing R2 billion. This puts the expected start up costs at R292 billion, which is twice the initial estimated cost. The device that grinds the coal, the furnaces and other systems at both plants does not function..
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