SA prosecutors seek extradition of former British Eskom contractor
“SA prosecutors said they are seeking the extradition of a British national who’s been implicated in a fraudulent deal with Eskom,” says Bloomberg.
“SA prosecutors said they are seeking the extradition of a British national who’s been implicated in a fraudulent deal with Eskom,” says Bloomberg.
More wasteful expenditure has been uncovered in Eskom. The Kusile housing project went R680m over budget before being abandoned.
A mechanical failure at Eskom’s Kusile power plant along with other breakdowns will leave South Africans without power for four days.
The delays on Medupi and Kusile have given SA months of rolling blackouts, an economy in deep trouble and a huge headache for President Cyril Ramaphosa.
There’s only one solution: taxpayers will be forced to bail out this disastrous monopoly. Eskom is a sickening example of a hopelessly impractical “Developmental State” ideology.
Two new coal-fired power plants being built in South Africa, which will be the continent’s largest once completed, are “badly designed and badly constructed”.
Having a monopoly power producer that is incompetent and verging on financial disaster is the single biggest threat facing the SA economy right now.
Rob Jeffrey says it is time for South Africa to break away from the vested idealistic or financial interest driving the large renewables expansion schemes.