Eskom price hikes are a blow to industry

[MFour]

What do these fools care about SA anyway. Their actions and "management skills" certainly show no interest in the SA economy or it's welfare.

[garp]

Current consumers and tax payers can no longer carry the burden placed on them by government and insitutions like Eskom. We have about 5 million tax payers that amount to all the tax revenues, yet there is about 54+ million people in the country.

+1

Apparently the ratio is 1 taxpayer to 14 leeches. Completely unsustainable, and govt is doing absolutely nothing to make it easier to employ ppl.

[snugglez64]

Bloody Agents !

[akescpt]

and to think the managers will get fat bonuses for making 'profits'! if everybody got to increase their goods at 25% of course you going to make profits!!

[ToAsTeD]

Never ending story

[Nick333]

Fcck industry it's a blow to every man, woman and child in this country. People are going to have start deciding between electricity and food if this shyte carries on.

[ToxicBunny]

I am getting to the point where I'm going to have to start replumbing parts of my house. I have 2 geysers in the house (from previous owner) and up until now its been affordable to have them both, just keeping one (used predominantly in the kitchen) at a lower temperature...

[Pietleeu]

Well at this stage it will take us over 30 years to get back our money if installed a full PV system on our house... Hopefully in 5 or so years pv power cost is way down..

You can calculate your own usage with this calculator

https://www.dropbox.com/s/591aynrr2a...c%20MASTER.xls

[Jola]

This is the result of the Federal Reserve printing more money to cover the debt they created in the first place.

Thus it is the result of American greed : the whole world pays because all currencies are linked to the Dollar.

I don't think that you can blame the USA for the ANC's incompetence !

[Gozzy]

Yup all these increases aren't going to upgrading the entire power grid....as long as the execs get their R1 million+ bonuses they are happy....

[Pietleeu]

Yup all these increases aren't going to upgrading the entire power grid....as long as the execs get their R1 million+ bonuses they are happy....

No it is, but about just 20 % of it, the rest is going to the pockets of the "power" . How do you spend 90% of your budget, but only reach 25 % of your targets.... Easy !!! Only in (South) Africa

[beans100]

What about the few millions that goes missing every year.

[kingrob]

Apparently the ratio is 1 taxpayer to 14 leeches. Completely unsustainable, and govt is doing absolutely nothing to make it easier to employ ppl.

Very true.

Didn't they show on SABC News when they went into the townships and saw all the cables tapping electricity from the main grid?

Was quite scary, as those cables are not even shielded, just a straight connection from the poles to their homes.

[kingrob]

It is unfotunately so that South Africa is heading for a total collapse. This collapse cannot be stopped anymore.

Current consumers and tax payers can no longer carry the burden placed on them by government and insitutions like Eskom. We have about 5 million tax payers that amount to all the tax revenues, yet there is about 54+ million people in the country.

With our current economical climate another eskom increase will make it difficult (if not impossible) for the middle - and lower class income to pay these fees.

Nothing good can and will come from this and I predict a total economical as well as social-economical collapse for South Africa within the next 5-10 years.

Yup. I want to disagree, but you are spot on.

[reactor_sa]

Very true.

Didn't they show on SABC News when they went into the townships and saw all the cables tapping electricity from the main grid?

Was quite scary, as those cables are not even shielded, just a straight connection from the poles to their homes.

Seen those bundles of joy myself, scariest thing is that there is no earth leakage switch!!