MARC HASENFUSS: When markets bark, beware wallet burn

Bull-booi, the Jack Russell, is no more. On Sunday he gave one last desperate charge around the pool to shoo off the baboon troop, and then, instead of alertly standing guard, he uncharacteristically retired to his basket. His little heart gave out in the early hours of Monday. He never gave as much as a bark or a whimper. Stoic to the end, the tough little bugger.

In his long life he confronted cobras, was twice run over by speeding drivers in Lighthouse Road, corralled porcupines, swam with otters and — being such a handsome specimen — survived numerous “dognappings” by local do-gooders. He snatched my brother-in-law’s Sunday roast, deposited moles in our bed and once even tore into an imposing hardcover volume of Evelyn Waugh’s best-known works. ..

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MARC HASENFUSS: When markets bark, beware wallet burnThis market seems to be all about tactical withdrawals and heartbreak, and this was the case even before Eskom put the economy on the fritz, writes MarcHasenfuss.
Source: FinancialMail - 🏆 20. / 63 Read more »

Ramaphosa’s crisis meetings fail to find short-term Eskom solutionDespite holding crisis meetings throughout the past week, President Cyril Ramaphosa has failed to unearth any short-term plans to solve South Africa’s load-shedding situation. This is year 16 of load shedding. I think they have had enough time to fix the problem. No more excuses Leadership is lacking! More lying publicity stunt lies trying to make us believe this CR thing is trying to solve the power crisis! After 29 years it is time for change. Get the useless CR, ANC out!
Source: mybroadband - 🏆 11. / 67 Read more »

Eskom crisis: No new quick fixPresident Cyril Ramaphosa's week of crisis meetings has failed to come up with short-term plans to relieve South Africans of crippling load-shedding. The committee man fails Roof top solar is such a complicated solution - the poor BIG men couldn't even begin to understand it - shame , they need time to get their head around using existing infrastructure to feed in electricity made from the sun in to the grid. Google is hard for these boomers Eskom kriswentzel9 He has been in charge of the Eskom turnaround since 2015 with no plans to relieve South Africans. Time for the MYANC to depart.
Source: SundayTimesZA - 🏆 47. / 51 Read more »

Eskom sacrificed for other social needs and ideological hang-upsEskom sacrificed for other social needs and ideological hang-ups - The government was advised by Eskom executives to invest in infrastructure to replace old power plants and to meet increased demand How are Medupi and Kusile going?8 years late, R300 billion over budget and still incomplete.Government has shown itself to be wholly incapable of constructing generation capacity.Let’s give it to the private sector to invest and leave the government to maintain its ageing fleet The article behind the article is the one I appreciated the most... I think there are at least two ways to solve this: 1. Survive a few years of power outages, whilst Esk completes the building of new plants or 2. Buy supplementary power from (wherever) and prevent power outages. I believe that Eskom has said that South Africa needs 54GW of electricity by 2030. The ANC still is in denial and unable to move this country forward. ANC must go for South Africa to move forward!
Source: mailandguardian - 🏆 2. / 92 Read more »

Eskom crisis: No new quick fixPresident Cyril Ramaphosa's week of crisis meetings has failed to come up with short-term plans to relieve South Africans of crippling load-shedding. Ramaphosa has failed in everything Loadshedding is a state of disaster & should be declared as such. The economy cant take this forever.. it is a matter of time before this thing explodes There is diesel.
Source: TimesLIVE - 🏆 28. / 59 Read more »

WATCH | Farmer to sue Eskom for R1.5mA North West poultry farmer says power cuts killed at least 40,000 of his chickens. He intends to sue Eskom for at least R1.5m We all must start sueing the crap out of them. I want to sue eskom for my groceries...any good lawyer please inbox me Good!
Source: eNCA - 🏆 49. / 51 Read more »