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Basically government screwing up then blackmailing citizens to pay for their incompetence & corruption.Basically they keep the old power stations running etc as a way to leverage the nuclear deal.. if they close power stations and don't complete building power stations and we don't get load shedding but have capacity that can be added without capital expense.. well then it looks bad for pushing nuclear.
Nersa's ruling on increases this year coming under fire because they didn't allow the requested 19%. <-- Eskom has till now been allowed to recover customer efficiency & lack of demand due to economy and customers abandoning it by pushing unit prices up and growing capacity instead of cutting when demand was gone. Basically.. running like a parasitic parastatal. Gonna be interesting seeing what happens next..
Eskom says it is committed to releasing its interim financial results by the JSE's deadline of January 31.
The power utility issued the stock exchange notice in response to a notice by the JSE earlier on Monday, where it warned it would delist Eskom's bonds if it does not release its interim financial report within the three months stipulated by its debt listing requirements.