Eskom had no bailouts from 1923 to 2008, now it has R49 billion in 1 year

gottagoon

Expert Member
Joined
Aug 15, 2019
Messages
2,895
I know these facts. We know these facts. It's what happens when capable Engineer's and capable Technical staff etc are replaced by useless comrades all in the name of transformation.

Useless people drive everything downhill. They don't know any better.

If they (comrades) didn't steal so much, the situation could have been fixed. Probably too late now :(
 

ToxicBunny

Honorary Master
Joined
Apr 8, 2006
Messages
89,085
Hold on... Does that mean cyril lied when he said prescribed assets in the bad old days helped build eskom?
 

access

Honorary Master
Joined
Mar 17, 2009
Messages
10,118
oh really...

www.eskom.co.za/Tenders/EskomPurchasingPolicies/Documents/32-416_0_BEE_Directive_15.05.081.pdf

1 Introduction
Eskom’s formal Black Economic Empowerment (BEE) programme was first initiated in 1995 with the publication of its policy regarding procurement from Black Suppliers (ESKADAAT6). ESKADAAT6 has set the standard for BEE programmes within Eskom and across South Africa as a whole.
There have been a number of internal and external drivers for a change in Eskom’s BEE Strategy, with the principal internal driver being the achievement of a balance between Eskom’s BEE initiatives and its desired developmental outcome, and the objectives of the State as Eskom’s only shareholder.
The principal external driver for change has been the gazetting of The Codes of Good Practice (the “Codes”) under Section 9(1) of the Broad-Based Black Economic Empowerment Act, 53 0f 2003, (the “Act”), and its application as from 09 February 2007.

2 Directive Statement
This Directive creates the platform for the implementation of Eskom’s Black Economic Empowerment (BEE) Strategy (the “Strategy”), as approved by its Board of Directors in December 2006.
The focal point of Eskom’s BEE Strategy is the sustainable development and empowerment of local Black businesses, while continuing to uphold Eskom’s core values. This forms a part of Eskom’s broader Procurement and Supply Chain Management (P&SCM) Strategy. It aims to promote entrepreneurship in Black communities and to give Black businesses access to opportunities in the mainstream “first” economy. It will do this by empowering and developing these businesses into sustainable Suppliers of reliable, cost effective products and services, not only for the benefit of Eskom, but for the benefit of the economy as a whole.
Based on the Strategy, the focus of this Directive will be preferential procurement with Black businesses thereby exploiting opportunities for Black Supplier development especially within manufacturing, maintenance, mining and professional services particularly during the capital expansion phase of Eskom’s business; the leveraging of procurement spend in order to influence the transformation of existing Black businesses; the preferential inclusion of Black businesses when disposing of and leasing assets; and, increased efforts to buy locally within South African markets thereby creating further opportunities for BEE.
Effective Date: May 2008

must be a coincidence.
 
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