At the release of Eskom’s miserable year-end results, Gordhan lashed out at the 17% increase in Eskom’s cost of primary energy and said this threefold inflation was unacceptable.
Eskom, which delivers the vast majority of the country’s power, announced a loss of more than R20 billion at group level for the year ending on March 30. The company itself lost more than R23 billion. Eskom has also for some time demanded that its suppliers have at least 50% black shareholding, in contrast with the 26% requirement set by the Mining Charter.
Agreements were concluded with each individual supplier. In total, the industry delivered 16 million tons of extra coal.Eskom was negotiating with its back against the wall, which is never a good point of departure, said Langenhoven.In October last year, it cost R1 457.69 per ton, even higher than during the 2008 commodities boom. The price had reduced to R917.91 per ton in January this year.
koko_matshela
Guptas were three times cheaper mos😂 Mnxm nidom
Very good. In the meantime Mr Gordhan, how far are we getting with those of the Tegeta crime in jail? All is so quiet on that front. Why does it look like Batohi have no work?
😂😂😂He was told, those big 4 they charge a lot bt he said Gupta's we corrupt whn whn they sell with R1, 50
Oh no. Not tough conversations. There is nothing more scary than a tough conversation.
These headlines are so nineties. When Africans were naive and not aware that mines are supposed to be a national asset.