Eskom needs debt relief and tariffs, or its back to Treasury with a 'begging bowl': De Ruyter | Business

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Eskom needs debt relief in combination with tariff increases to survive, said outgoing CEO André de Ruyter, who has led the utility for three years as South Africa’s power outages have intensified. | News24_Business

The continent’s most-industrialised nation has had 100 straight days of electricity cuts because of supply shortages largely caused by unreliable coal-fired power plants. Fixing the energy crisis that’s crimping the economy has become a central focus for President Cyril Ramaphosa’s government.

Financial constraints at Eskom, which has R396 billion of debt, combined with breakdowns, theft and sabotage at its plants have caused the utility to impose blackouts for about 15 years, but the outages have progressively worsened in the past five months with Ramaphosa’s administration scrambling to find a way out of the crisis.

 

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_Business There is no advise we can take from this CEO he have failed staight and square

_Business Sounds like SAA all over again. Almost as if this was the ANC's plan for the SOEs all along 🙄

_Business I don't think South Africans are interested in what Andre has to say.

_Business Why not talk about big corporations paying pennies for power? 👀

_Business We should just empty all corrupt politicians banks accounts. The ones in Switzerland, Gibraltar, Dubai, and Caribbean.

_Business Uyanya loh M🔜

_Business Why, is there nothing left to steal?

_Business Then let Eskom die. We cant affird to pay more! Close the doors! PresidencyZA

_Business Tariff increases to fund the SOE who was looted by the ANC and their Gupta masters. Now the citizens must pay the price while these immoral thieves continue to walk out streets, still in gorvernment positions (paid for by taxpayers) and receiving all the benefits. Voters WAKE UP

_Business People like myself who are not getting power but are paying exorbitant rates for it are not going to keep paying if Eskom does not cut off non payers. Why must we still suffer & follow the law whilst the rest don't!

_Business Here's a plan for debt relief: Get the money back from those who stole it. Also collect from those with outstanding electrical bills.

_Business The only way for SA to be in charge of its energy solution is for Mr Renewable energy and his ANC cabal leave Eskom as soon as possible. He was brought in to fool people into buying into renewables whilst his handlers power their indrusties with SA's coal .It's happening now !

_Business ESKOM needs to b closed down but we will all pay. The tariff deter is daft/illegal. Eskom sells less power, ceteris paribus, its revenue declines therefore in negative Eprofit and FcFlow. To fill the hole it will raise prices to 'plug' to breakevn, exactly like Municipality.

_Business eskomsalaryshedding over 40 000 employees and nobody can fix the problem, let's start salary shedding at Eskom and see how quickly they fix this problem. ESKOMSALARYSHEDDING maybe Governmentsalaryshedding as well. MORE LIES AND BS FROM ESKOM & GOVERNMENT. Retweet please

_Business Can we plug the holes in the leaking bucket before pouring more cash into it?

_Business Why even include this man in this discussion. Imagine paying for a service not rendered. Mxm

_Business Ag BULLSHIT THE ONLY THING ESKOM NEEDS IS TO STOP THIS FUCKING LOADSHEDDING SHIT THEY ARE LYING TO SA 😡😡😡😡😡😡😡

_Business South Africa needs MYANC relief 🙏🏻 VoetsekANC

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