Eskom needs cash injection to avoid debt crisis: CEO
Eskom urgently needs more cash to stabilise its ballooning debt pile with the funds coming from a rise in tariffs or new equity, its CEO said.
involved hiking rates by 16.6 percent from April 2020 and a further 16.7 percent from April 2021.It said its proposed urgent rate hike followed an error by the regulator Nersa, which in 2019 set Eskom's tariff rises at 9.4 percent for 2019/20, 8.1 percent for 2020/21 and 5.2 percent for 2021/22.
Read more: eNCA
And the shit starts again Then they must look for cash in their bonus budget ...sickofeskom Its like pouring water into a cracked bucket, then taking a nap. Eskom_SA hires people with qualifications. Imagine! Eskom needs to stop giving execs bonuses for no reason to avoid debt crisis. FOH Eskom needs a slap in the right direction
Tell us something new Get it from the non payers. Those who havent paid for years Go get it in Dubai. Ask the Mr Koko and the ANC corrupters. Eskom must go get is money at municipalities that owe it if not no bailouts in this world can save it.period What crisis Isn't loadshedding already a crisis? Dont worry. Those Unions are sitting on a pretty stash. Im sure they will cough up and also save the place. Thats if they can release it in time from the WMC stock market
Eskom urgently needs cash injection to avoid debt crisis, says CEOAiling power utility Eskom urgently needs more cash to stabilise its ballooning debt pile with the funds coming from a rise in tariffs or new equity, new chief executive Andre de Ruyter said on Tuesday. I smell another taxpayer bailout. 👃👀
and Another one! Hape,what's new? Good luck! Your president just authorized Municipalities to buy electricity directly from IPPs! Enough is enough - bottomless pit. Still blaming corruption - but how, there is no evidence of that or then no need for prosecutions for some obscure reason They are already in a crisis. Which one are they avoiding?..... Did you know the current solar clients (ongrid) are 'losing' out their excess power back to the grid for FREE. Imagine if Renewables were on full scale...they'll be no such..... But then again 🚶♀️they catch up
I thought, he would rescue Eskom, but since he started there is more loadshedding, now he talks about cash injection. CEO must ask SAB cash injection, no beershedding 🍺 only loadshedding Can you find out with tshwane what is wrong with Kk S R soshanguve there's no electricity since yesterday 19H50 Does Eskon know what a budget is?
No loadshedding expected on Tuesday, says Eskom | IOL NewsEskom again urged customers to use electricity sparingly, despite the improvements, and said it wanted to 'remind' citizens ... Winter is coming.....kusazonyiwa. Correction - no load shedding expected in the suburbs. If eff can to eskom every month. The will be no laodshedding
MPs grill Eskom over load shedding crisis | IOL NewsEskom has faced tough questions from MPs on the load shedding that is to last for the next 18 months. I have a few though ones of my own 😤😤. Baphi I wanna have a word eskom EskomMOB mpsinparliament... Why were all eyes closed during initial loadshedding ? Was there capture involved? How many MPs were involved?
More than 70 conditions before pension funds can be used to rescue EskomOrganised labour has given the presidency, Nedlac and Eskom more than 70 conditions that “have to be adhered to” before the unions can give government the go-ahead to tap into the Government Employees’ Pension Fund to help reduce the power utility’s debt. So the workers in a massively bloated SOE ESKOM don't want to back themselves and put their money where their mouth is with retrenchments and every time they strike but expect the public to?
NEVA MAKGETLA: Use of pension funds to rescue Eskom is a viable optionFor most workers, it would be worth sacrificing some future income to avoid retrenchment No. Find other viable options. Using state pension funds is really only raiding the over taxed tax payer. State pensions are guaranteed by the state. This is the ANC s underhand plan. Cvots
NEVA MAKGETLA: Use of pension funds to rescue Eskom is a viable optionFor most workers, it would be worth sacrificing some future income to avoid retrenchment