A business group has secured commitments of R100m to capitalise a fund in support of President Cyril Ramaphosa’s efforts to end rolling blackouts and reform the electricity sector. .
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and then cyril will sell eskom to those companies
Madness! He has already secured billions for this very purpose. Political manoeuvring and more backhand deals taking place here.
Manouvring has begun. Privatisation is the goal. Less to do with renewables - more to do with transferring electricity generation to WMCapitalists - the multi-/transnationals.
It's been long overdue.
A fund to be looted again.The business group could use the money to make themselves and their employees less dependable on the erratic Eskom supply.
What is capitaise? 🤷🏾♂️
Equivalent to, on average, 3 days of actual plundering at Eskom