Eskom blew R680 billion - but can't keep the lights on

Because a company that is producing less needs more staff for its transmission and distribution divisions? :unsure:
It would if the business is continually servicing more network/customers.

Take the Distribution division's Electrification program as an eg. I forget the exact figures but at one stage they were adding several hundred km's of new distribution network and around 150k customers yearly in rural areas throughout the country.

The cost of the network/customer connection is part funded by the Department of Energy, however all maintenance of network and customer support is carried by the Distribution division post-connection. It would stand to reason that more hands are required to support this. And when you add more "doers" you generally add more to your support services as well (HR, finance, etc) to service the increase in staff numbers.
 
It would if the business is continually servicing more network/customers.

Take the Distribution division's Electrification program as an eg. I forget the exact figures but at one stage they were adding several hundred km's of new distribution network and around 150k customers yearly in rural areas throughout the country.

The cost of the network/customer connection is part funded by the Department of Energy, however all maintenance of network and customer support is carried by the Distribution division post-connection. It would stand to reason that more hands are required to support this. And when you add more "doers" you generally add more to your support services as well (HR, finance, etc) to service the increase in staff numbers.
I'm not sure that these were really "customers", rather just ANC voters getting free stuff.
 

Attachments

  • Eskom Independent CRO Advisor Report 10.17.19.pdf
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  • Eskom Water Requirements and Challenges.pdf
    128.4 KB · Views: 3
  • State of Emergency.pdf
    304.5 KB · Views: 3
  • Volume II Eskom Debt Restructuring and Cash Flow Analysis.pdf
    3.3 MB · Views: 1
I find it hilarious how individuals bicker about everything. Let us look at the facts, 680 Billion rand did what exactly? Where did they spend the money? Who controlled the budget? Who approved the budget?

Each step of the way, someone had to give their approval and order a bank to pay money to other accounts. Each transaction is recorded, and they can't tell us anything at all? I doubt they cashed out 680 Billion and kept it in a jar on every power station.

The situation stinks and we all know it.

So if Mybb had some balls, they would interview poor old Mister De Ruyter and ask him how their banking system works. Because someone must give someone a bank account number to get said money. Someone needs authorisation to pay said money. So the bank must know from what account the money was taken and to what account the money was given. Now they want to make it seem like it is this complicated mess, but it should be that simple.

How many people has access to Eskom's bank accounts? How much money was processed by each of those individuals? There are records of all this, and they can't give us any indication at all?

But here we are... Total information blockage... Remember, Mister De Ruyter is a very wealthy man and is being paid massive amount of money to investigate exactly this situation, and yet he cannot give a single answer?

I call BS and everyone here knows it as well.
 
TBF, probably most of it ended up in the pockets of the Guptas and Zuma and co
Even if it did, there had to be a bank account that had X amount of money, a transaction order had to be signed by an individual that have the legal right to do it because banks don't normally pay over billions for the hell of it.

So on a bank record we will have a responsible person's name, the transaction amount and the designation account details. It has to be there, or the transfer cannot happen. For simple stuff like this, they are paying someone 7 million a year to investigate? Again, Eskom should be a bad joke at this point.
 
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