The greedy Eskom, which fails to become profitable on its own, and constantly stands by the ANC government, has now taken its arrogance a step further, according to financial experts. The bankrupt power provider has already taken steps to approach the Supreme Court in a case against Nersa’s decision to grant a lower rate than..
Continue reading…
Unproductive Eskom drags Nersa to court over reduced power tariffs showing financial deficit of R102 billion
Posted on Leave a comment
Eskom Corruption being ‘rewarded’ with 15.63% tariff increase – SA consumers now have to suffer but those responsible for the corruption and maladministration “continue to roam free” without any consequences for the actions
Posted on Leave a comment
Municipalities across SA will now face a 15.63% tariff increase from Eskom, approved by Nersa. Mayor Herman Mashaba on Tuesday issued a statement in which he claims the National Energy Regulator of South Africa (Nersa) has rewarded corruption at Eskom with a 15.63% increase in tariffs. “The City has noted the disappointing correspondence from Nersa,..
Continue reading…
What Eskom Failed To Tell South Africa….The situation, is worse than we think
Posted on Leave a comment
While everybody was in the dark, literally and figuratively, we now know more about why load shedding is worse than ever and might still get worse too. The chaotic and dramatic escalation that went from Stage 2 to 3 and then Stage 4 on Saturday, is the loss of imports of 1 100 megawatts (MW)..
Continue reading…
How is this even possible:- Eskom posts R2.3bn loss, R19bn in irregular expenditure
Posted on Leave a comment
Eskom suffered a net loss of R2.3-billion in 2018, the state-owned power producer revealed at it financial results presentation on Monday.
The power utility said its net cash from operations declined from R45.8-billion to R37.6-billion, as it struggled with leadership and operational challenges.
Continue reading…
Cash strapped Eskom in dire needs of funds and once again threatens consumers with load shedding
Posted on 6 Comments
The national energy regulator, Nersa’s public sessions on Eskom’s proposed tariff increase, are currently underway.
Eskom asks for an excessive increase of thirty percent to recover a R66 billion shortfall. Despite the shortages, Eskom continues to give excessive bonuses to its senior staff.
Continue reading…
ESKOM wants a 30% price hike as part of its plan to recover tens of billions of rands
Posted on 12 Comments
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”.
Continue reading…