Eskom loss surges to R55 billion after NTCSA separation

So - is it R 55 Billion or R 95 billion? - 'concerned citizens' (and duplicate posts) want to know...

Staggering R55 billion loss for Eskom

Staggering R55 billion loss for Eskom The full weight of the worst year of load shedding is visible in Eskom's 2024 results - while the group counts the costs of unbundling.
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Eskom’s R95 billion crisis

Eskom’s R95 billion crisis Municipal debt owed to Eskom has skyrocketed in recent years and now threatens the utility's financial health.
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Remember we're in 2024 to 2025 fy now, this was 2023
 
Look for fyi 2025 they are at 10 billion profit

The best news for Eskom in 8 years

The best news for Eskom in 8 years Eskom says it is on track to do something it hasn't been able to do in 8 years: post a profit.
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The best news for Eskom in 8 years
 
Their finance charges are crippling. They paid an eye watering 38bn in finance charges. Municipal debt at around 70bn. Theft costing them 22bn and loadshedding 22bn in revenue loss excluding diesel charges of 34bn.
 
R13... said:
Their finance charges are crippling. They paid an eye watering 38bn in finance charges. Municipal debt at around 70bn. Theft costing them 22bn and loadshedding 22bn in revenue loss excluding diesel charges of 34bn.
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What was their plan after borrowing R500 billion?
 
I wonder how many of you actually read the article and understand the point here, sans the clickbait nature of the article.
 
wingnut771 said:
What was their plan after borrowing R500 billion?
Click to expand...

giphy.webp
 
They burn R64 million per day on Diesel but that is not close to the R55 Billion loss, solar power alone cannot fully account for Eskom's R55 billion loss. But R14 billion in direct losses due to corrupt contracts, R3.7 billion from Gupta-linked deals then there is the Kusile power plant ended up costing over R145 billion. Then the R5 billion–R10 billion in fraudulent coal procurement contracts that was reported on.

But no it is home owners putting up solar to keep the lights on that caused this. No Eskom we all know what is killing your yearly revenue.

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wingnut771 said:
What was their plan after borrowing R500 billion?
Click to expand...
  1. Increase the cost of electricity.
  2. Tax solar installations.
  3. Increase the cost of electricity.
  4. Pretend to disconnect non-paying municipalities.
  5. Increase the cost of electricity.
  6. Add a levy to all incandescent light globes.
  7. Increase the cost of electricity.
  8. Collect a substantial fee to inspect and certify all solar installations.
  9. Increase the cost of electricity.
 
Useless bunts don't know their ahole from their elbows.
 
Ivan Leon said:
So - is it R 55 Billion or R 95 billion? - 'concerned citizens' (and duplicate posts) want to know...

Staggering R55 billion loss for Eskom

Staggering R55 billion loss for Eskom The full weight of the worst year of load shedding is visible in Eskom's 2024 results - while the group counts the costs of unbundling.
mybroadband.co.za mybroadband.co.za

Eskom’s R95 billion crisis

Eskom’s R95 billion crisis Municipal debt owed to Eskom has skyrocketed in recent years and now threatens the utility's financial health.
mybroadband.co.za mybroadband.co.za
Click to expand...

They are not talking about a loss in that second one, they are saying what they are owed currently (Nov 2024), while this article talks about the loss for April 2023 to March 2024. If the money they are owed was paid when it had been due during April 2023 to March 2024 period, the loss would have been smaller or there might have been no loss.

Stick to conspiracy theories rather.
 
Eskom as is will end in a disaster, the question is will it take the entire country with it or not. With no real protection laws adopting solar will be hard and expensive and since Eskom can create and change laws we have nothing to go on. We need legislation to give us a solid foundation. Otherwise they will just keep on taking away our rights until we have nothing and can't even use solar because they say so. It is about control and Eskom should really lose its hold it has around our necks.

We need this **** to end with legislation that protects us against them. It should be a human right not just temporary permissions that they can chop can change from day to day. We need solid legal standing or Eskom is going to shaft us all without loop
 
Jackal46 said:
Eskom as is will end in a disaster, the question is will it take the entire country with it or not. With no real protection laws adopting solar will be hard and expensive and since Eskom can create and change laws we have nothing to go on. We need legislation to give us a solid foundation. Otherwise they will just keep on taking away our rights until we have nothing and can't even use solar because they say so. It is about control and Eskom should really lose its hold it has around our necks.

We need this **** to end with legislation that protects us against them. It should be a human right not just temporary permissions that they can chop can change from day to day. We need solid legal standing or Eskom is going to shaft us all without loop
Click to expand...
There are no laws that penalise solar users. Everyone is getting penalised equally as the dinosaur spirals into the abyss while grabbing for anything on the way down like a drowning person.

Our saving grace is the decent is a slow one which gives us time to make our own plans for power so to answer your question, no I don't think they will take the country down because when they finally die, the country would have moved on already, mainly because they have priced themselves out of the market because the ****ers can't count for ****.
 
wingnut771 said:
There are no laws that penalise solar users. Everyone is getting penalised equally as the dinosaur spirals into the abyss while grabbing for anything on the way down like a drowning person.

Our saving grace is the decent is a slow one which gives us time to make our own plans for power so to answer your question, no I don't think they will take the country down because when they finally die, the country would have moved on already, mainly because they have priced themselves out of the market because the ****ers can't count for ****.
Click to expand...
No, you're wrong there.

There are quite a few tariffs that are explicitly targeted at making solar less enticing, and there are a number of anti-solar policies that make installing solar harder than it should be.

Theres also the solar panel tax, which is an explicit law penalising solar users, ostensibly to protect local industry (i..e ArtSolar).
 
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