Has Eskom run out of money?

"The IFP would like to call on government to open up the channels for independent electricity suppliers to become part of the national electricity grid," he said.
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The sooner the better, but it has to be without prescribed BEE participation or it would be doomed from the word go.
 
zeb said:
The sooner the better, but it has to be without prescribed BEE participation or it would be doomed from the word go.
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Then how will they line their pockets. The arms deal bribes are starting to wear thin.
 
ANCYL rejects Eskom hike bid

Johannesburg - The ANC Youth League rejected "with contempt" Eskom's application for a 53% tariff hike.

"We must guide against subsidisation of incompetence and lack of visionary management which has caused so much disruptions in our lives," a statement released on Thursday said.
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http://www.news24.com/News24/South_Africa/News/0,,2-7-1442_2291560,00.html

I see those paragons of rational thought and correct English are climbing on the bandwagon.
 
ANCYL arent worth spitting on.
Eskom bosses are getting bonus, which is adds to the wonderful overall picture.
 
with out a doubt, Those bonuses have come and gone all 50 Million Plus for top management....................CEO 1 million a month salary which excludes additional bonuses
 
the R65bn is from us Joe Public not the government.............then we have to be penalised again in the form of excessive increases
 
screw eskom & the government , cant wait to leave this f@cked up country the end of the year.
 
Eskom is starting to P me off. How many other companies are going the same way? We can't keep paying and paying for their incompetence.
 
I seriously doubt the regulator will allow this increase to go through.

I have a feeling it will incite all out riots in large portions of the cities and rural areas if they do.
 
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