Less than two weeks into 2021, South Africa’s ‘favourite’ state-owned entity was back to its old tricks. Eskom announced that for the next three months, South Africans can look forward to a generous bout of load shedding every week.
It’s a bitter pill to swallow and the community is tired of dealing with rolling blackouts, especially when they are due to failures in Eskom’s maintenance and infrastructure.
The economy is practically at a standstill, with the entire country under lockdown level 3, yet Eskom insists that citizens need to cut back on power usage. All of this while being urged to work from home and children are expected to study online.
Welcome to Zim South Africa. No power, no growth, no job creation, just an elite literally stealing everyone’s future! Almost 27 years of total gross negligence & theft! #zeroaccountability.
— Stephen Ayerst (@Mr_S_Ayerst) January 17, 2021
Imagine being a restaurant owner.
The curfew is at 21h so you probably need to close shop at 20h.
But wait! You’ve got loadshedding from 18h to 20h.
Oh yes, and you can’t sell wine or beer.
This is the reality of many restaurateurs.
— Johann Biermann 🇿🇦 (@JohannBiermann1) January 18, 2021
No surprises here. Maybe it wasn’t such a good idea replacing all the highly competent staff with highly incompetent staff, hey ANC?”
Loadshedding has been happening for 13 years – in 13 years Eskom and Government haven’t been able to come up with solutions. 13 years
— Tutu Zondo (@tutuzondo) January 17, 2021
Date someone who is on a different loadshedding schedule to you.
— Zamandlovu Ndlovu (@Ms_ZamaNdlovu) January 18, 2021
Read also: A Code Red at the hands of Eskom
The debt-ridden power utility reported a malfunction at one of its new generation plants earlier this month, which meant four straight days of power cuts. Kusile power station, which is already over budget and not yet fully built, broke down after a conveyor belt supplying coal to two units failed.
sums it up as, “Service delivery failure under ANC-led government.”
“This is the new power station built at 3x the original price by the corrupt ANC, who can’t manage anything and can’t deliver any growth let alone alleviate poverty. The ANC just steal from the country,” says
“British scientist Michael Faraday discovered the basic principles of electricity generation, the French gave us the ramjet engine & the Americans built Apollo 11. What did the ANC do with this? Took SA back to the dark ages, bankrupted the airlines & sent the country rocketing into a black hole!” says
“Start off by reducing the bloated workforce down to levels commensurate with other international power utilities. Reduce the salaries of the surviving employees by 30%. Then outlaw all and any BEE procurement processes. Buy only from the best and cheapest bidders, with no regard whatsoever for racist practices. Do the above, and the debt mountain would suddenly be a lot less onerous,” suggests
Eskom, which has been facing acute financial issues and continues to operate at a loss, released a statement towards the end of 2020 saying, “In order to improve our financial position in the longer term, we require a considerable reduction in the debt profile or a sizable increase in cash flows through cost-reflective tariffs.”
Eskom CEO André de Ruyter also said that the state-owned entity would sell 7,000 of its non-core properties – valued at nearly R10bn – over the next five years in an attempt to address some of its financial instability.
“The power utility’s top priority remains to address operational and financial challenges and return to financial sustainability,” De Ruyter said. The business will also be turned into three separate units to add outside power producers, and will eventually move away from coal as its main fuel.
The community outlook isn’t particularly positive, though.
At a discount to connected elites?
— Richard Spoor (@Richard_Spoor) December 25, 2020
Here comes yet another tax payer funded windfall for ANC comrades.
The nightmare will never end.
— DayvidTee (@DayvidTee) December 25, 2020
Same script that Coleman Andrews used to destroy SAA
— muyipho (@Marvinkhani) December 25, 2020
What the fuck? Andrew Coleman version 2.0 loading.
— IFRS Brigade (@robertsimaz) December 25, 2020
Sell it to whites, then expropriate it later…
— LucidualLady (@LucidualLady) December 25, 2020
What is your stance on the ongoing Eskom debacle? Add your voice to the discussion below.Â
Read also:Â
- Eskom CEO De Ruyter shares plan to offload properties worth R10bn
- Gupta-tainted McKinsey defends work with Eskom: Explains its dealings with Trillian, Regiments #Zondo #2020
- Eskom: PIC ponders pension fund plunder for bailout
- Axed execs ‘pushed’ to take millions of rands in exit packages, says former ‘Gupta’ Eskom chair
