Well the only solution is to privatize, eskom is failing and dragging SA into the mud with it
myNSFAS you not joining the train?
But the Chinese gave them money. Eskom_SA what happened to the Chinese money
Cadre deployment. You are a result of the decisions you make. South African voters are accomplices.
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Eskom wants R100bn debt relief from state to keep lights onThe plan would add 2% to debt-to-GDP ratio and is likely to be seen as negative by ratings agencies Ask the Guptas
Source: BDliveSA - 🏆 12. / 63 Read more »
Eskom wants the state to take on R100bn debtStruggling state-run power firm Eskom wants the government to take on R100 billion of its debt as part of a turnaround plan to shore up its balance sheet, Eskom chairperson Jabu Mabuza has said. KAK! I thought he was smarter than that What about us? They must give us discounts on electricity. It’s our tax.
Source: City_Press - 🏆 7. / 72 Read more »
Eskom wants state to take on R100bn debtEskom is to ask the government to take R100bn of its debt onto its own balance sheet as part of a package of measures to turn the troubled company around. It has been turned around a zillian times it is tired of the spinning. Either way the only ones getting screwed over is the consumer, AGAIN!! And the fat cats keep their fat cheques. That's Msansi for you. Alooter continua.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
Eskom silent on 'R100bn request' to governmentThe struggling power utility wants this amount, to go on government’s balance sheet, as part of its turnaround strategy. Trying to convince the masses to turn their backs on Eskom so y'all can bring on IPPs. Great job. These people at Eskom knows what a billion Rand is,right? We don't want to wakeup when someone demand another billion Rand salary increase. 🙄 Is this state owned enterprise clean of corrupt leaders yet? It sounds like they're still there.
Source: eNCA - 🏆 49. / 51 Read more »
'Eskom should not be repeating the same mistakes' Phasiwe - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Eskom spokesperson Khulu Phasiwe says the problems plaguing Eskom should be not happening, this as the power utility has implemented stage two of load-shedding on Monday. I eskom ukube bane competition ngabe ayikho yonke lento
Source: SABC News Online - 🏆 32. / 51 Read more »
SA needs to bail out Eskom, says former Eskom adviser RothschildEskom’s debt has ballooned from around R106 billion to more than R419 billion over the past decade, while electricity sales have fallen. Are you offering to fund it Mr Rothschild? Angling for more 'consulting' revenue? Where did the last bailout they advised on get us?
Source: ewnupdates - 🏆 30. / 53 Read more »
The co-founder of Fortnite is worth over R100bn | IOL Business ReportThe Chief Executive of Epic Games who is also the co-founder of Fortnite is now worth over R100 billion according to Business Insider South Africa.
Source: IOL - 🏆 46. / 51 Read more »
EDITOR’S LUNCHBOX: Eskom is borrowing from lenders to pay other lendersAnother option for Eskom is issuing 10-year zero coupon bonds to the PIC in exchange for R100bn in cash, so canceling its debt The death spiral.
Source: BDliveSA - 🏆 12. / 63 Read more »
Yet again, the taxpayer will bear the burdenNewsletter| Eskom chair Jabu Mabuza says it would be useful if the state absorbed R100bn of its liabilities. Given the fact that we cannot do without Eskom, the taxpayer bearing the cost of the problem is the most practical solution, writes Khaya Sithole Stopped reading halfway.. nothing made sense. It really sound like kak desparetely intended to cover another biull Dear Mr Eskom Chair, you as Eskom do not have to look for custom, the public comes to you !!! Eskom needs to cut their cloth according to their size !! BasicEconomics NoIdea Most practical or most convenient...?Privatize (sell) the power stations to international operators and use the proceeds to settle the debt rather? That is a sustainable solution ?
Source: City_Press - 🏆 7. / 72 Read more »
Sorry SA‚ but we need more money: Eskom pleads for higher tariffEskom CEO Phakamani Hadebe made a desperate plea for higher Eskom tariffs over the next three years. Who’s fault is that? I hope eskom is watching what's happening in neighboring Zimbabwe, we will go to the streets too. This time hell breaks loose. We taking it to the street
Source: SowetanLIVE - 🏆 13. / 63 Read more »