Eskom cannot be saved – here is how it will end

[Daily Investor]

Eskom cannot be saved – here is how it will end

Dawie Roodt said Eskom is financially and operationally unsalvageable and predicted how it would end.

 

[backstreetboy]

What on earth does this have to do with investing?

 

[BBSA]

Roodt said this would mean tens of thousands of Eskom employees will and must lose their jobs.

“It is the only way you will save Eskom and the country. You have to fix it the same way you will fix a private sector company,” he said.

“You cannot give Eskom employees a 7% increase when the company is bankrupt.”

I can't agree more

 

[LazyLion]

 

[DapperDanMan]

Eskom cannot be saved – here is how it will end

Dawie Roodt said Eskom is financially and operationally unsalvageable and predicted how it would end.

I'll believe it when I hear it from the mouth of Gordhan or De Ruyter!

 

[WollieVerstege]

Fortunately Andre de Ruyter's wife Genni de Ruyter is onnit.

 

[RonSwanson]

What on earth does this have to do with investing?

It has to do with the exact opposite: divesture.

 

[LCBXX]

The ANC will plunge the country into civil war if Dawie's dream comes true.

 

[GrootVoet]

The ANC will plunge the country into civil war if Dawie's dream comes true.

Agree for to come true is to admit that the whole ideology that the ANC government is build a round is a massive failure. Its means AA, BEE all are failures along with the ability of a black government to not mess up something that worked when it was given to them.

 

[LCBXX]

Agree for to come true is to admit that the whole ideology that the ANC government is build a round is a massive failure. Its means AA, BEE all are failures along with the ability of a black government to not mess up something that worked when it was given to them.

The ANC ideology is to ride the gravy train. Failing SOEs is but one of the consequences of this ideology.