South Africa's energy giant is crippled by debt, beset by corruption scandals and unable to keep the lights on.
Eskom prides itself on its long history, which is closely intertwined with that of modern South Africa. Coal-fired stations started popping up across the country and grew bigger and more plentiful through the decades.All this largely benefited white people, with black South Africans segregated and disregarded by the apartheid government.The first democratic elections in 1994 were followed by a push to electrify millions of homes, and keep electricity prices low.But it was not backed by additional capacity, something that laid the foundations for today's troubles, Cowan said.
But the advice was left unheeded until the last minute, something ex-president Thabo Mbeki would later apologise for.Eskom began building two new coal-powered stations only in 2007, the year power cuts were first imposed.
_Business It is so sad but with Carbon tax from the EU and plant deterioration the best Eskom can do is expand the grid quickly.
_Business Let's not forget, at the time, it was only providing electricity to the minority.
_Business Hahahaha and then the same black communities plundered and looted it, not to mention sabotage it! And now.....black communities sitting in darkness again!! Wow viva freedom, viva anc
_Business I concur the problem started when Government promised to built RDP houses, and fail ,allowing the many scrappers erected around the country by foreign illegal people who connected to the grid illegally, worse dysfunctional municipalities around the country
_Business All destroyed by the voetsekANC, cadre deployment, malfeasance and corruption. And CyrilRamaphosa doesn’t see the constitutional obligation to supply electricity. What a despicable “leader”.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: News24 - 🏆 4. / 80 Read more »