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..
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Unproductive Eskom drags Nersa to court over reduced power tariffs showing financial deficit of R102 billion
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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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