EDITORIAL: A lesson at the coalface on who not do business with

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

South Africa News News

The government’s cornering of collieries to cut prices casts doubt on SA’s credibility to adhere to the terms of commercial contracts

It is nothing short of outrageous that the government has stepped in to urge coal suppliers to cut their prices to Eskom for the good of the country, when Eskom and the government have done so little to cut costs themselves.

It is the responsibility of Eskom management to investigate contracts it believes were secured through corruption, and cancel them. In the case of the coal contracts, the government is clearly of the view that the private sector is profiteering out of Eskom’s misfortune. While the new Eskom management has been working to replace the short-term contracts with longer-term ones, some of these legacy contracts still remain. It is the responsibility of Eskom management to investigate contracts it believes were secured through corruption, and cancel them. It is also their responsibility to identify the excessively priced contracts and renegotiate them or cancel them.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EDITORIAL: Not such a good business journey for Ian MoirIt is not easy to understand why Woolworths' less-than-successful CEO is being paid so much
Source: BDliveSA - 🏆 12. / 63 Read more »