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Moody's says Eskom split will do little to solve financial problems - reports | IOL Business ReportPresident Ramaphosa said Eskom would be divided into Generation, Transmission and Distribution entities as part of a new business model. Increased tariffs won't save Eskom. They need to address: -Medupi & Kusile are way behind schedule, way over budget, & finished parts breaking down) -Poor management -Overstaffing -Neglected infrastructure -Electricity theft -Nonpaying users -Defaulting municipalities
Source: IOL - 🏆 46. / 51 Read more »
Eskom board meets with Gordhan over unexpected #loadshedding | IOL Business ReportBoard also urgently embarking on an in-depth audit of the entire system to ensure that every technical problem is understood at a granular level. Unexpected? That is a term used when you refuse to be called unqualified. Trying to save face eskom must receive a gold medal in failure!executives are paid well,yet they couldn't anticipate any issues with medupi and khusile plants if they were proactive we wouldnt be in this mess you getting paid for doing nothing its criminal
Source: IOL - 🏆 46. / 51 Read more »
Eskom stage 4 load shedding wipes away rand gains | IOL Business ReportDomestic currency tumbles to its weakest level against the dollar in almost three weeks after rolling power cuts take effect. busrep Maybe it's AbsaSouthAfrica and StandardBankZA... busrep Could not organise a piss up in a brewery with the doors open 24/7 !!
Source: IOL - 🏆 46. / 51 Read more »
Ramaphosa: No 'silver bullet' solution for Eskom | IOL Business ReportPresident Cyril Ramaphosa said a special cabinet task team has been established to deal with the Eskom crisis and provide him with reports daily. One silver bullet: replace Eskom with Chinese World Experts in electricity generation. PresidencyZA H.E. CyrilRamaphosa , Honourable MTLekota Honourable Members COPE_SA Loadshedding_SA Give everyone involved in corruption and looting at Eskom a silver bullet.
Source: IOL - 🏆 46. / 51 Read more »