Cyril Ramaphosa’s contorted testimony at the Zondo Commission on Wednesday, leaves more questions than answers, leaving Deputy Chief Justice Raymond Zondo a mystery of the Brian Molefe kind. After decades in the highest circles of politics in South Africa, Ramaphosa claims that he was unaware of what was going on around him? Ramaphosa, who was then Deputy to President Jacob Zuma, admitted that he had advised Zuma to transfer “Mr Fixit” Brian Molefe from Transnet, and appoint him as Eskom’s CEO in 2015, but the Guptas already knew it was coming in 2014?
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“I Had No Clue” – Ramaphosa Recommended Suspected Gupta Foreman Brian Molefe to President Zuma as “Mr Fixit” for Eskom!
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Ramaphosa plans to pay Eskom’s R440bn debt burden off but no one knows how
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The ANC president’s plan to get Eskom out of the mess has yet to come to light and is apparently a state secret or no such plan at all. That’s the opinion of an expert in Pretoria who set his sights on the president’s promises that never come true, he said. The Ramaphosa plan to..
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Hostage drama continues – Eskom holds ANC regime prisoner, parasitic parastatal seeks further R59 billion to squander
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The hostage drama in which Eskom has captured the ANC regime has now reached its highest point of arrogance. With a new demand to get R59bn intended for the next two years for mismanagement, all reasonable limits have completely surpassed, say economic experts and informed businessmen. Eskom’s debt burden is already so high that there..
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Cash strapped Eskom left red faced after court bans 3-year contract of R350 million for lubricant purchase
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Eskom was banned from awarding a contract that would be valid for three years, amounting to R350 million. The contract involves the purchase of lubricants for use at its various power plants, but the judge banned it because Eskom did not comply with its own procedure or that of the government in awarding contracts. The..
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State Treasury plundering continues – your tax money will fund Eskom with a further R59bn
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Eskom will receive a further R59bn bailout over two years from the government to keep the bankrupt power provider standing. This follows the R69 billion already approved for a three-year period. Eskom’s debt currently amounts to R440bn and is considered the biggest risk to the South African economy. How much money is still to be..
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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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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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Bankrupt Eskom’s CEO resigns due to stress- For the sake of the whole of South Africa who will risk taking over?
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Eskom is looking for a new CEO after the current incumbent Phakamani Hadebe resigned after less than a year due to stress. His predecessors either left their jobs due to personal reasons, were dismissed or went away under a cloud of corruption. Energy expert Ted Blom believes that Hadebe’s resignation did not come as a..
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Eskom’s request to increase electricity granted after poor administrators of SA-regime succumb to unrealistically high demands – annual revenue of the state entity will now increase by R784bn
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The bankrupt power provider of South Africa, who has already stolen billions of rand from the taxpayers’ pockets, once again got its way. The poor administrators of our beloved SA have succumbed and allowed heavy increases to hit consumers in the next three years. The ANC government, under the leadership of the Energy Regulator of..
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This is totally unbelievable!– Units at all twelve of Eskom’s oldest power stations have ceased functioning – Can it get any worse?
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Units at all twelve of Eskom’s oldest power stations have ceased functioning, which means that more than 17,000 MW’s are loss. It is even more than 15,000 MW in 2015 when load shedding was introduced and lasted for months. Medupi and Kusile design problems alone will cost R345 billion to restore, and Eskom does not..
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Eskom failed as power provider, loadsheading and untrained workers contributes to poor functioning
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The alleged heavy service cost that has doubled within a single year span, which climbed to R45 billion, is the reason Eskom has failed as a power provider. With 90% of electricity supplied by Eskom in the country, and the dramatic cost increase, Eskom is deeply in the red with government and other financiers. The..
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National power provider Eskom’s is under extreme high financial pressure and debt heads towards the R550 billion mark – wonder if this state entity is going to blast Millions of taxpayers money on bonuses this festive season even though they are cash strapped?
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Eskom chairman Phakamani Hadebe says the power provider is under extremely high financial pressure. According to him, Eskom’s debt will continue indefinitely for the next few years, with the possibility that it may increase from R400 billion to R550 billion. The chairman is also not afraid to admit that the dramatic rise in the foreseeable..
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