What are we trying to fix at Eskom? The flop or the debt?

12 February 2020 - 11:15President Cyril Ramaphosa, right, addresses members of the Eskom board on reforms at Genadendal Residence, Cape Town, on June 18 2019. Picture: GCIS/JAIRUS MMUTLE

Recently union federation Cosatu came up with a debt bailout proposal that is limited in its scope. It is neither what SA needs at this stage nor what it can afford to adopt and implement in the near future. In addition, a highly leveraged situation at any company should trigger operational actions such as improving the efficiency of revenue collection systems and more robust controls over operating costs. Eskom’s revenue has been growing over the years, but this has not been due to increased sales so much as swingeing tariff hikes.been growing unabated, sadly often through unscrupulous deeds.

The dominant thinking on the looming restructuring of Eskom is that of organisational change, essentially by breaking down the company into three separate legal entities. The significance of this restructuring form is that the whole organisational structure of Eskom will change, including its span of control. This restructuring type also calls for a revision of the remuneration structure, company processes, governance structures and the headcount.

Source: Loan Digest (loandigest.net)

Fix the brains that lack a filament that causes their bulbs to extinguish every two hours.

Too little, too late! excom

Non of the above but to privatize it 🤷‍♂️

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