A R254 billion bailout for Eskom leaves South African power crisis unresolved

Jan

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Even a R254-billion Eskom bailout can't fix load-shedding this year

A 254 billion-rand ($14 billion) state bailout for South Africa’s cash-strapped power utility will help steady its finances, but won’t immediately improve its operations or alleviate an electricity shortfall that’s crippling the economy.

The three-year debt-relief plan for Eskom Holdings SOC Ltd., announced in Finance Minister Enoch Godongwana’s budget speech on Wednesday, is contingent on the company bringing in private operators to help run its plants and transmission network and meeting other performance criteria.
 
Imagine the KFC branch they could open in Luthulilili house with that money instead. They could construct the worlds biggest gravy fountain in it, and charge R100 for locals and R400 for foreigners to taste the sweet salty nectar.
 
Imagine the KFC branch they could open in Luthulilili house with that money instead. They could construct the worlds biggest gravy fountain in it, and charge R100 for locals and R400 for foreigners to taste the sweet salty nectar.
Explain the KFC joke. I don't get it. I thought Cyril owned McDonalds.
 
contingent on the company bringing in private operators
"Tendas"

continuous management upheaval and political interference
"Tendas"

He also accused De Ruyter of failing to get a handle on the nation’s energy crisis.
9780602300319.jpg

be shifted to the energy ministry
"Tendas"

The board will meanwhile have to ensure the utility meets all its obligations to qualify for the debt relief,
"Tendas"

O, did I mention bribes and corruption?
 
Even a R254-billion Eskom bailout can't fix load-shedding this year

A 254 billion-rand ($14 billion) state bailout for South Africa’s cash-strapped power utility will help steady its finances, but won’t immediately improve its operations or alleviate an electricity shortfall that’s crippling the economy.

The three-year debt-relief plan for Eskom Holdings SOC Ltd., announced in Finance Minister Enoch Godongwana’s budget speech on Wednesday, is contingent on the company bringing in private operators to help run its plants and transmission network and meeting other performance criteria.
The plan or intention, it should be obvious by now, is not to restore ESKOM to full capacity. Not unless the number of people being supplied drastically reduces. That is the real purpose behind the public-private partnership propaganda.

George Soros' buddy... who headed up the UN Environment Programme in 1972:

“In order to save the planet, the group [GIM] decides: Isn’t the only hope for the planet that the industrialized civilizations collapse? Isn’t it our responsibility to bring this about? This group of world leaders [GIM] forms a secret society to bring about an economic collapse.”

Maurice Strong - regarding Generation Investment Management LLP

Some of Strong's bio:

In 1971, Strong commissioned a report on the state of the planet, entitled “Only One Earth: The Care and Maintenance of a Small Planet” [6] and co-authord by Barbara Ward and Rene Dubos. The report summarized the findings of 152 leading experts from 58 countries in preparation for the first UN meeting on the environment, held in Stockholm in 1972. This was the world's first "state of the environment" report.

The Stockholm Conference established the environment as part of an international development agenda. It led to the UN General Assembly in December 1972 of the United Nations Environment Programme (UNEP), with headquarters in Nairobi, Kenya, and the election of Strong to head it. UNEP was the first UN agency to be headquartered in the third world.[7] As head of UNEP, Strong convened the first international expert group meeting on climate change.[8]

Maurice Strong was one of the commissioners of the World Commission on Environment and Development, set up as an independent body by the United Nations in 1983.

His role in leading the UN’s famine relief program in Africa was the first in a series of UN advisory assignments, including reform and his appointment as Secretary-General of the UN Conference on Environment and Development—best known as the Earth Summit.[9][10]

After the Earth Summit, Strong continued to take a leading role in implementing the results of agreements at the Earth Summit through establishment of the Earth Council, the Earth Charter movement, his Chairmanship of the World Resources Institute, Membership on the Board of the International Institute for Sustainable Development, the Stockholm Environment Institute, The Africa-America Institute, the Institute of Ecology in Indonesia, the Beijer Institute of the Royal Swedish Academy of Sciences, and others. Strong was a longtime Foundation Director of the World Economic Forum, a Senior Advisor to the President of the World Bank, a Member of the International Advisory of Toyota Motor Corporation, the Advisory Council for the Center for International Development of Harvard University, the World Business Council for Sustainable Development, the World Conservation Union (IUCN), the World Wildlife Fund, Resources for the Future, and the Eisenhower Fellowships. His public service activities were carried out on a pro bono basis made possible by his business activities, which included Chairman of the International Advisory Group of CH2M Hill, Strovest Holdings Inc., Technology Development Inc., Zenon Environmental Inc., and most recently, Cosmos International, and the China Carbon Corporation.
 
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