Eskom is doomed

Marcan said:
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This is called CSP+TS, concentrated solar power with thermal storage. And there are several smaller units like that working in SA, Bokpoort and Kathu among them, 50 and 100 mWh . These are plants with only storage of 4.5 till 9hrs, much larger CSP+TS plants have come online in Australia, Chile, Arizona and Spain that can store the molten salt solution at temps up to 500 C up to 48 hrs, basically making it a 24/7/365 operation.

Read :/www.ee.co.za/article/power-from-the-sun-an-overview-of-csp-in-south-africa.html
A 2016 CSIR report on the future of energy in SA states we can easily have 70% of all electricity from renewables, and the rest from natural gas and nuclear by 2040. It will be 20% cheaper than coal, use 30-40% less water and reduces CO2 emissions with 70-80%.
http://climatereality.co.za/wp-cont...161124_Least-cost_electricity_mix_SA_CSIR.pdf
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And you will need a vastly reduced workforce for this as solar panels don’t need people watching it.
And just there the unions and the ANC will sink any such project.
They will rather sink the country than sacrifice any jobs....
 
If there is no hope of rescuing Eskom from this downward spiral, the largest electricity supplier in South Africa will not be supplying electricity, and there is consequently no hope of growing the economy and the country as a whole, so South Africa is doomed thanks to the incompetence and greed of the cANCer party.
 
REAList_1 said:
And you will need a vastly reduced workforce for this as solar panels don’t need people watching it.
And just there the unions and the ANC will sink any such project.
They will rather sink the country than sacrifice any jobs....
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Indeed, the unions are the selfish scourge of the nation. Over the years they have become too influential, actually I should say, we, the rest of SA, maybe especially the media have given them too much attention, leeway. When there is any issue, the SABC or eTV journos will drag the ignorant, selfish and misleading union bosses in front of the microphone.
We allowed the unions to become the AIDS, Ebola, cancer of this country.
I believe there is now even an Anti-Poverty Forum led by very controversial ANC member Phapano Phasha opposing the REIPP program.
Read :www.africanews24-7.co.za/index.php/southafricaforever/anti-poverty-forum-urges-mkhwebane-to-probe-the-expensive-re-ipps-signed-by-radebe-eskom-board/

And: mg.co.za/article/2019-05-28-gordhan-opponents-pounce-in-the-wake-of-public-protectors-pension-payout-report
A woman who has been aligned, associated with ANN7, the PPF, the Progressive Professionals Forum of Jimmy Mzwanele ("there is an over supply of coloureds in the Western Cape") Manyi and the BLF.
Dirty, murky politics by a Zuptoid, plotting and scheming around our all important energy sector.
You must love Mzansi, our Azania.
 
Just had an idea. Set up an off the radar group, I hesitate to call it a company. Bank account overseas. No advertising or anything like that. What you do is union destruction.

Company hires you as an entry level person. Union will pressure you to join, you refuse. Union will then either resort to violence to force you to join or they will try force the employer to get rid of you as any dilution of the workforce from pure union decreases their power. You then go absolutely nuts. Go to the press, the courts, the police, just absolutely trash the unions image and finances. Sue them for loss of earnings, go all the way to the concourt if need be to reaffirm the right to not be part of the union. Go to the press with the sob story that unions are creating the unemployment problem because they have people fired if those people dont want to be in the union. Company can claim they are innocent in the saga as they just caved in to union pressure and then they pay you out to the foreign bank account.

If they resort to violence or intimidation you got them by the short and curlies as you would be wearing a bodycam at all times and then the fun would start what with police charges etc.

Would be a way of cutting the unions down to size.
 
The thing is, all these doom and gloom articles have been going one for years now. Eskom has been doomed for years as well. I'm willing to bet in a decade; Eskom will still be doomed - yet still operating as it is today. So, same ****, different day.
 
friedpiggy said:
Just had an idea. Set up an off the radar group, I hesitate to call it a company. Bank account overseas. No advertising or anything like that. What you do is union destruction.

Company hires you as an entry level person. Union will pressure you to join, you refuse. Union will then either resort to violence to force you to join or they will try force the employer to get rid of you as any dilution of the workforce from pure union decreases their power. You then go absolutely nuts. Go to the press, the courts, the police, just absolutely trash the unions image and finances. Sue them for loss of earnings, go all the way to the concourt if need be to reaffirm the right to not be part of the union. Go to the press with the sob story that unions are creating the unemployment problem because they have people fired if those people dont want to be in the union. Company can claim they are innocent in the saga as they just caved in to union pressure and then they pay you out to the foreign bank account.

If they resort to violence or intimidation you got them by the short and curlies as you would be wearing a bodycam at all times and then the fun would start what with police charges etc.

Would be a way of cutting the unions down, to size.
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That's not how it works, people usually join them out of their own will or when the employer has realised they are vulnerable and is on their case, your plan won't work.
 
JayM said:
True. We're borrowing at 8.4% to achieve 1% economic growth. I think only Pakistan and Venezuela pay more.
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That's down to the repo rate and inflation though. Was trying to find figures about any SA debt in USD but couldn't find it. In short it's the spread between the rate the gov pays and the repo/base rate that matters.

Eskoms debt in USD comes in around 6.7% (at least according this https://www.businesslive.co.za/bd/companies/2019-06-20-investors-are-riding-an-eskom-bonds-bonanza/
But would need to spend more time to find SA gov debt in USD - maybe there isn't any?)
 
thechamp said:
That's not how it works, people usually join them out of their own will or when the employer has realised they are vulnerable and is on their case, your plan won't work.
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^ This...

Workers in unions get paid more and end up unfirable! I think the workers themselves aren't against unions... Problem is that power makes the consumer, suppliers, business owners, SARS (less profit = less tax) everyone else worse off...
 
Cutest-Beating-Dead-Horse-GIF.gif
 
richjdavies said:
^ This...

Workers in unions get paid more and end up unfirable! I think the workers themselves aren't against unions... Problem is that power makes the consumer, suppliers, business owners, SARS (less profit = less tax) everyone else worse off...
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Everyone who falls under the bargaining unit will get whatever increase the union negotiates, regardless if they are members of the union or not, the part that they are unfirable is also not true but I guess you knew that already.
 
There's a procedure to firing someone. Followed correctly anyone can be fired.

Tander said:
The thing is, all these doom and gloom articles have been going one for years now. Eskom has been doomed for years as well. I'm willing to bet in a decade; Eskom will still be doomed - yet still operating as it is today. So, same ****, different day.
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How though? Yes they've been in a downward spiral for a decade, but there is now a very real possibility of it accelerating. Their staff complement has grown, their debt has grown something like ten-fold, and the state appears unable to take the steps necessary to stem the bleeding. Where is the money going to come from to keep pumping in more blood? Throw in NHI to siphon off more money, along with numerous bankrupt municipalities and people who continue to refuse to pay for services. So I don't think the same doom and gloom has been going on for years. That article is right too that the ANC would rather fight internally than tackle serious problems.

Maybe hitting the wall is what South Africa needs. The IMF is bad medicine and anyone who is in South Africa when it gets to that stage is in for years of serious pain, but at least they can potentially force the government to take the necessary steps to get Eskom turned around, and the ANC will be able to blame the IMF for those steps.
 
Intell1gence said:
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Lol, leave your car parked in the house during the day to charge it, then leave it in the house at night to provide power during peak times

Kind of defeats the point of a car if it can't go anywhere!
 
noxibox said:
So I don't think the same doom and gloom has been going on for years. That article is right too that the ANC would rather fight internally than tackle serious problems.
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I don't think ANC has the competency to tackle serious problems...
 
friedpiggy said:
If they resort to violence or intimidation you got them by the short and curlies as you would be wearing a bodycam at all times and then the fun would start what with police charges etc.

Would be a way of cutting the unions down to size.
Click to expand...

They'd just attack you at home, burn down your house and threaten/kill your family. Union will say they weren't involved and condemn the "random acts" of violence.
 
richjdavies said:
That's down to the repo rate and inflation though. Was trying to find figures about any SA debt in USD but couldn't find it. In short it's the spread between the rate the gov pays and the repo/base rate that matters.
Click to expand...

Although there is a correlation with repo rate, yield on government bonds is more down to perceived risk.

Eskoms debt in USD comes in around 6.7% (at least according this https://www.businesslive.co.za/bd/companies/2019-06-20-investors-are-riding-an-eskom-bonds-bonanza/
But would need to spend more time to find SA gov debt in USD - maybe there isn't any?)
Click to expand...

Fortunately SA government borrows mostly in ZAR.
 
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