Eskom is losing R500 million every month: CFO

ambroseg1

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Why is there a new article for every one of the 50 million of Eskom's perceived problems? Make one article and list them. Then list the one REAL problem.
 

thestaggy

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  • Municipal debt is mounting. It’s currently at R18 billion, growing by R450 million a month. Soweto debt is at R17 billion, growing at R50 million a month. Combined, Eskom is losing R500 million a month from municipal arrears.
    [*]Eskom spends R55 billion a year on coal – but staff costs are extremely high and Eskom needs to address this.
Nice. This is what happens when you use an SOE to buy votes.
 

eg2505

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how does eskom lose all this money? do they feed the notes into the generators?


/nevermind, forgot i live in SA .
 

Lupus

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So they lose 500 million a month, but one day of load shedding is 2billion? Hmmm?
 

qscwbt

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Disconnect non payers.
Stop subsidising non payers.
Reduce staff
Start preventative maintenance
Stop corruption and start recovering money lost with corruption
stop all new projects till your house is in order, you profitable and debt manageable.

or

Privatise
 

Venomous

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From article:
  • Unless Eskom can make more money through sales (from higher tariffs), even if it gets another R100 billion bailout from government, it will just get wiped out by debt servicing. “We’re using one credit card to pay back the other credit card,” Cassim said.
........


Erm, lol. Everytime there is an increase a few more people buy gas stoves, geysers etc and look to alternative power so it's a nasty tit for tat. Put up the prices, people spend less, meaning eskom still can't service its debts.
 

ambroseg1

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Joined
Jul 15, 2008
Messages
10,200
Disconnect non payers.
Stop subsidising non payers.
Reduce staff
Start preventative maintenance
Stop corruption and start recovering money lost with corruption
stop all new projects till your house is in order, you profitable and debt manageable.

or

Privatise
Yeah. Privatise. All we need is another Bosasa type company.
 

eg2505

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Mar 12, 2008
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sure eishkom will find another way of stealing money, even if they privitise.
 

VooDooC

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May 19, 2009
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672
Yeah. Privatise. All we need is another Bosasa type company.
The alternative being? At least private companies try and keep the company afloat, corrupt or not... SOE doesn't give a damn about running the company as they know their will just be another bailout from the tax payer.
 

ambroseg1

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The alternative being? At least private companies try and keep the company afloat, corrupt or not... SOE doesn't give a damn about running the company as they know their will just be another bailout from the tax payer.
I dont have alternative. Every scenario is just ripe to screwed up in this cuntree.
 

garp

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Aug 2, 2004
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Same problem as SAA (and every other SOE and major industry) - way too many overpaid and unproductive staff. The unions run this country in cahoots with the ANC and they are destroying it. Want to fix the economy overnight? Ban all unions for 5 years and kick the ANC out - but of course, that will never happen (at least until Jesus returns).
 

HowTo

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Aug 7, 2006
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They want money and dont even know how to rectify. We are going back to 1652
 

access

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Mar 17, 2009
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and how much is eskom losing from people not using their electricity during load shedding?
 
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