Over the past decade, staff levels at Eskom have doubled (thus doubling expenses), but power output has barely increased (thus reducing revenue)! In addition, maintenance on critical equipment was neglected for years! So basically, unions and their members are largely to blame!
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#SONA2019: Eskom to be unbundled, says Ramaphosa | IOL NewsRamaphosa said government will immediately start on a process of splitting Eskom into three different companies focusing ...
Source: IOL - 🏆 46. / 51 Read more »
Eskom to be split into three SOEs, Cyril Ramaphosa confirms in SonaThe president says this will be done ‘without burdening the fiscus with unmanageable debt’ More opportunities for more corruption. It's meaningless. Eskom still heavily in debt and state owned. Like painting a car wreck in the scrap yard. SONA2019 He said something must be done to ailing ESKOM and bald decision must be taken whether we like it or not. He did not confirm split. I was listening attentively. Do not insinuate. All the SONA speech came down to this. The trojan horse (Eskom). Have we forgot how PresJGZuma was labelled as a traitor who wanted to sell Eskom to the Russians? Now this. koko_matshela is right. It's all about Eskom being sold to the highest bidder. This is wrong
Source: BDliveSA - 🏆 12. / 63 Read more »
LIVE: Over next six years every school child will have tablet device - RamaphosaAll eyes are on Parliament in Cape Town as President Cyril Ramaphosa is set to deliver his crucial second State of the Nation Address, ahead of the general elections later this year. I've never heard such dribble. He can stand there with a straight 😔 & lie. Doubt if the 🌍 & 🇿🇦 will buy it. SONA2019 is being used as a electioneering platform. It's ⌚ for 🇿🇦 & the 🌍 wake up CyrilRamaphosa need to put his 💰 were his 👄 is. Action speaks 📢 thn words. thanks Craig this guy's is a lying we won't get nothing as south africans watch the space remember we towards elections African clown
Source: News24 - 🏆 4. / 80 Read more »
Hadebe ‘very happy’ with unbundling of EskomCyril Ramaphosa made the announcement in his State of the Nation Address (Sona) on Thursday night saying the utility will be broken up into three separate entities. Wasn't Our_DA hacked down for suggesting a similar move?
Source: ewnupdates - 🏆 30. / 53 Read more »
#Eskom tariff increases will impose unbearable burden on poor, says DA | IOL NewsThe 15% tariff increase over three years requested by Eskom will raise the cost of living for the poor to unbearable levels if granted, the DA said. They don’t pay anyway so the burden will go to the middle class!!
Source: IOL - 🏆 46. / 51 Read more »
Debt-ridden Eskom secures R15 billion loan | IOL NewsCash-strapped power utility Eskom said it had secured a R15 billion loan facility with a consortium of local and international lenders.
Source: IOL - 🏆 46. / 51 Read more »
Markets look to Ramaphosa’s speech for clarity on Eskom | IOL Business ReportThe markets’ attention will zoom in on President Cyril Ramaphosa this week to shed light on potential measures to keep Eskom afloat.
Source: IOL - 🏆 46. / 51 Read more »
Unbundling Eskom won't solve its debt woes, says Cosatu | IOL NewsCosatu said it opposed a proposal to split up Eskom into three entities, adding that it would not solve the utility's governance and debt problems. is this federation still existing... It may address the monopoly problem
Source: IOL - 🏆 46. / 51 Read more »
#MiningIndaba: Eskom is too important to fail, says Ramaphosa | IOL NewsMiningIndaba: Eskom was too big and too important for South Africa to be allowed to fail, President Ramaphosa said.
Source: IOL - 🏆 46. / 51 Read more »
Zimbabwe churches intervene as opposition snub Mnangagwa talksZimbabwe's churches on Thursday sought to broker talks between the government and its opponents over a political and economic crisis they said had left the country 'angry and traumatised', after the main opposition snubbed a meeting with the president.
Source: SABC News Online - 🏆 32. / 51 Read more »