The Chairman of the embattled ANC parastatal Eskom, Malegapuru Makgoba, issued a stern warning to employees who falsely accused their colleagues of racism, and encouraged Eskom staff to think about how these accusations could affect someone’s reputation, and said those who are unsure about what they are complaining about, should rather remain silent.
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“Make False Allegations of Racism, and be Dismissed” – Eskom Chairman, Malegapuru Makgoba
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New Eskom CEO faces huge challenges, first task is to unbundle the state entity
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Andre de Ruyter started his duties as Chief Executive Officer of Eskom six days earlier by visiting each of the power plants individually to familiarize himself with the circumstances of each of them. The new Eskom boss has an enormous task upon his hands, with the first task assigned to him, to unbundle Eskom into..
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Pull the generator closer and get those candles ready, Eskom #rollingblackouts will be with us shortly
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Eskom expressed its disappointment over the decision of the rating agency Moody’s that further downgraded the bankrupt entity of the state. The Moody’s Investment Service downgraded Eskom from a B2 to a B3, which means the entity has no confidence in consumers or the rating agency. With the downgrade, Eskom is brought into line with..
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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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How much taxpayers money has been thrown into SAA’s black hole to stay afloat?
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Billions and billions have been thrown at The South African Airways (SAA), but the airline don’t have much to show for it. It’s hard to recall a time when the limpest of all our state-owned entities was successful on its own two feet. It has a history of relying on fiscal interventions, needing contributions from..
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SA taxpayers to fund yet another government bailout – Cash-strapped SAA requests R4bn to survive current financial year after years of mismanagement and corruption
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South African Airways (SAA) appointed its head of operations as acting chief executive on Friday and said it needs R4-billion from the government to survive the current financial year and allow it to renegotiate loan terms with banks. Zukisa Ramasia becomes interim CEO after Vuyani Jarana unexpectedly resigned on Sunday, after less than two years..
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Gordhan: Eskom will survive – Yes, with taxpayers’ money to save the state entity of bankruptcy
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In the midst of multiple problems at Eskom as a power supplier, the entity will stand firm, Minister Pravin Gordhan South Africa assures. This comes after an outspoken economist said the power provider was on the verge of overall collapse due to its financial condition. Experts say the minister’s insurance is a logical consequence if..
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#Rollingblackouts: Further power cuts for Eskom as new Gupta looting details emerge – ANC-regime to plow R23 billion, of taxpayers money, a year into Eskom in order for the utility meet repayments on its R420 billion debt burden
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New documents seen by the Sunday Times reveal how a Gupta-linked company purchased an auditing firm in order to loot from Eskom. The report stated that Trillian bought an auditing firm – Nkonki – which had existing contracts with the state owned company. “Trillian and its former owner, Salim Essa, allegedly used Mitesh Patel, a..
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ANC regime announces that experts from Italy have been called in to restore poor service to Eskom, while South Africa is swarming with extremely capable whites who can do the job
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Minister Pravin Gordhan’s nine-point plan to get the bankrupt Eskom back on track are welcomed by industrialists and businessmen who are currently deeply concerned about the extremely poor functioning of this state entity. An expert dealing with the dilapidated Eskom says the minister’s plans can contribute to possible recovery of Eskom. He says although it..
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What did South-Africans used before candles? Electricity! – Eskom is apparently technically bankrupt and its R420bn debt currently accounts for 15% of the country’s debt – will no longer exist at the current projection by April 2019
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The Portfolio Committee of Public Enterprises heard at the hearing of the Department of Public Entities that Eskom was “technically bankrupt”. Eskom will no longer exist at the current projection by April 2019. The power supply’s R420bn debt burden currently accounts for 15% of the country’s debt and its revenue has increased fourfold since 2007..
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Eskom is going to destroy SA if it continues with unreasonably tariff increases, which is a 45% increase for consumers over the next three years just to maintain its pathetic management style
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If Eskom goes ahead with its unreasonable tariff increases as it plans, the South Africa’s economy will be destroyed. The struggling economy of South-Africa is already on shaky legs and can be forced into a deeper hole with unreasonable tariff increases from the national power utility entity Eskom. The gold industry will be destroyed if..
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Suspended NPA boss hired to clean up SAA’s mess – SAA, who has been bankrupt after years of mismanagement and corruption now wants to make a turnaround – Is it to late?
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SAA, bankrupted after years of mismanagement and corruption, has named former prosecutions boss Vusi Pikoli as its chief risk and compliance officer as part of an effort to clean up governance at the airline. Pikoli is currently an adviser to the state security minister and was suspended as NPA boss by Thabo Mbeki in 2007…
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Can the sinking ship be saved? – Denel’s deterioration attributed to political appointments of incompetent people in key positions with no knowledge of the arms industry, now the state entity has appointed a new Chief Executive Officer
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The Cabinet approved Daniel du Toit’s appointment as Chief Executive Officer at Denel. He will immediately pay attention to superficial contracts entered into during the state hijacking period. Cost cuts will also be one of its priorities. The arms manufacturer has deteriorated dramatically over recent years due to the political appointments made in top management..
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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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Service delivery in SA at its best! – It took the SA Post Office 81 days to deliver a letter, which should take only 3 days
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A recent MyBroadband test showed that it took the South African Post Office (SAPO) 81 days to deliver a letter between two locations 48km apart. The letter was sent on 27 July 2018 from the Jeppestown Post Office in Johannesburg to the Lyttelton Post Office in Centurion – and was received on 16 October 2018…
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