Ramaphosa, in his newsletter to South Africans on Monday, described how, when he visited Medupi power station for the first time two weeks ago, he was struck by how massive it is.
“There have been other factors, of course, not least of which are the effects of state capture, corruption, loss and shortage of essential skills and mismanagement.”Once the work to correct the problems with its design and construction is complete, it is expected to contribute about 4700 megawatts into the national grid, producing enough power in a year to meet the electricity needs of more than a million people.
Despite the depth of current challenges, none of our SOEs is lost. They can all be saved. But it will take extraordinary effort and, in some cases, tough decisionsThis is why we supported the decision last week to place South African Airways into business rescue.” He said that some of the problems at SOEs were caused by outdated business models that were no longer fit for purpose.
“It is for this reason that these companies have been working to reduce their costs and increase revenue, to improve efficiency and to cut down on wastage. They have been looking at how to manage their debt and ensure that they maintain their investment in infrastructure. As has been the case in recent months, any further financial support from government comes with strict conditions that are designed to promote sustainability and self-sufficiency.
Oh Cyril! You’re just too funny my man. Just too too funny.
MXM!
Lies, lies and more lies....he can't move his lips without lying ..
Which world is he living in?
Tough decisions? for who?
Rephrase fitting symbol of state entity corrupted to the core
ramalokot A fitting symbol of failure.
Very ill fitting indeed CyrilRamaphosa
Useless like you
I think the ANC must live in some other reality or universe sometimes
Correct - corrupt to the core. A symbol of corruption
Medupi is a fitting symbol of our state-owned entities... it sure is. It's a mausoleum to corruption & ineptitude.
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