Eskom’s crazy and expensive coal deal

[Kevin Lancaster]

Eskom’s crazy coal deal

In a move described as “crazy” by experts, Eskom plans to buy five million tons of export-grade coal

 

[krycor]

So what big wig in the ruling party is a director there..

 

[ellyally]

So what big wig in the ruling party is a director there..

Looks like Cyril Ramaphosa(? correct me if wrong, Matamela Ramaphosa is chairman there, and Matamela Ramaphosa is actually Matamela Cyril Ramaphosa, aka Cyril Ramaphosa)

 

[atomcrusher]

This is the part of that article that infuriates me ...

This news follows a recent report that many local coal mining companies are not black-empowered enough to supply coal to Eskom, which has caused fronting. According to the report, Eskom requires companies to be at least 50% black owned to supply it with coal.

FerChristSakes, just give a few of Zuma's wives a stake in Eskom, and the black-empowerment requirement will be fulfilled.

 

[RyanPCMR]

Law unto themselves!

"This news follows a recent report that many local coal mining companies are not black-empowered enough to supply coal to Eskom, which has caused fronting." - This sounds pretty f'n racist to me. How long will Black racism continue in SA before anyone sees it for what it is?

Eskom, just like the ANC government, is a law unto themselves now. Great! Let's see how far this will pay out.

 

[HideInLight]

Are the companies they planning to import from black empowered?
Kinda defeats the purpose.

 

[LaraC]

This news follows a recent report that many local coal mining companies are not black-empowered enough to supply coal to Eskom, which has caused fronting.

I wonder if the Minister of Finance took note of the wasteful expenditure when he decided to increase the energy levy.
Lengthening the supply chain makes perfect sense in reducing cost.

 

[Recruitsmiths]

Are the companies they planning to import from black empowered?
Kinda defeats the purpose.

excellent point!

 

[RyanPCMR]

ANC Government is empowering racism in SA

All of this for the BLACK economic empowerment! Let me repeat: BLACK economic empowerment. Wake up BLACK people, your continuous need for more (mostly money and control) is messing up the country! Stop this blatant racism in the name of the word empowerment. This BLACK economic empowerment is now the opposite of empowerment for the rest of the people and businesses that don't qualify for your racial empowerment!

Sorry, for the rant it in the above paragraph, but I actually still mistakenly believed that the ANC government's a government by the people, for the people!