To fix Eskom, we first need to know how it got broken

Transmission and distribution networks are needed to bring electricity to consumers. These are natural monopolies and, for economic and practical reasons, cannot be duplicated.

Then we introduce some assumptions a reasonable person would accept as being a valid reflection of reality: Approval of major works, the overall Eskom budget and annual tariff adjustments was delegated to Nersa. The authority of the Eskom management is thus confined to the implementation of government decisions and matters of a routine nature.

Attempts by Eskom management to make ends meet with inadequate budgets would result in essential maintenance being neglected.

Incompetence, graft, corruption and theft is what broke this utility !

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

To fix Eskom, we first need to know how it got brokenThe technical and economic factors that explain we ended up in such an electrically charged mess, are a good place to start, writes Guy Joubert Really - put 10 of us around a table and I will tell you for free how it happened!! For sure! That’s the correct logic
Source: BDliveSA - 🏆 12. / 63 Read more »

Eskom on the verge of financial ruin: BlomEskom isn't selling enough power to cover its interest payments and operating costs. Mr Blom is yet to be proven wrong!! You know, lately with this it just looks as if you copy and paste yesterday's headline for use today. Yes, that little has changed. With the anc in charge what do you expect
Source: eNCA - 🏆 49. / 51 Read more »

RON DERBY: Tough lessons from Eskom — or not?Eskom now weighs like an albatross on state debt Let us not same mistakes with water provision.
Source: SundayTimesZA - 🏆 47. / 51 Read more »

Good's De Lille backs idea of unbundling EskomGood party leader Patricia de Lille said that it is foolish to invest more money into Eskom, who she says cannot be trusted with public funds. Nina nizosizela neload shedding xa nithetha kanjalo Absolute Nonsense! Good have no say in anything until they have been voted for. Ouma pat is too desperate
Source: ewnupdates - 🏆 30. / 53 Read more »

Energy expert Ted Blom: Time running out for EskomEnergy expert Ted Blom says that no bailouts will assist Eskom if the operational structure of the company doesn't change.
Source: ewnupdates - 🏆 30. / 53 Read more »

Molefe's options limited in bid to keep R30m Eskom pensionFormer Eskom chief executive Brian Molefe has only the Constitutional Court to turn to in a bid to keep his R30 million rand pension pay out but his chances of success are slim.
Source: ewnupdates - 🏆 30. / 53 Read more »

Output at Amplats hit by Eskom power cutsAmplats first quarter production fell 6 percent, hit by problems at Eskom, operational challenges and ore stockpiling in the same period the year before.
Source: TimesLIVE - 🏆 28. / 59 Read more »

Local government nailed as Eskom hikes prices and ratepayers reduce usageCash-strapped South Africans are using less electricity due to sharp price increases and irregular supply as a result of load-shedding, which means less money for municipalities - themselves under pressure to find money to fund service delivery.
Source: TimesLIVE - 🏆 28. / 59 Read more »

Cities suffer every time Eskom hikes prices – reportEvery time there is an increase in tariffs, each city loses payers to electricity theft, alternative energy, and reduced consumption.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Implats foregoes up to R250m revenue to Eskom disruptionsPlatinum industry losses to Eskom electricity disruptions mount to nearly R2bn in the first quarter according to the world's two leading miners of the metal.
Source: BDliveSA - 🏆 12. / 63 Read more »

Implats foregoes up to R250m revenue to Eskom disruptionsPlatinum industry losses to Eskom electricity disruptions mount to nearly R2bn in the first quarter according to the world's two leading miners of the metal. Why did management get caught with their platinum pants down? Who audited Eskom's reliability? Who would start a hamburger business without a butcher's guarantee?
Source: BDliveSA - 🏆 12. / 63 Read more »