Eskom set for another R20 billion loss

[Shaun Jacobs]

Eskom set for another R20 billion loss

Eskom's chairperson said he expects the company to make another loss of over R20 billion this year.

 

[Mannydefreitas]

You say LOSS, we say Decolonised Transformative Profit...

 

[Quicks]

Cadre's need to eat afterall.

 

[dualmeister]

Only 20?

 

[agentrfr]

Stop. Allowing. Freeloaders.

Privatize to optimize.

Even the Chinese realized that was what they needed to do for their grid

 

[Mannydefreitas]

Stop. Allowing. Freeloaders.

Privatize to optimize.

Even the Chinese realized that was what they needed to do for their grid

Please don't come with Western Solutions to African problems....

 

[My_King]

1st of April?

Nah, cadres

 

[r00igev@@r]

You spelt theft wrong in the headline.

 

[Utterly Confused]

You spelt theft wrong in the headline.

I also noticed that.

 

[Pegging]

 

[Solver]

It's not a R30B loss, only R20B, therefore the gracious anc in fact saved us R10B. Time to celebrate!

 

[IdlePhaedrus]

Nyati explained that the utility’s board has spent the past 18 months understanding the systemic issues facing Eskom.

Genius, didn't the German audit bunch do the same in three?

Seriously, it took the board a year and a half to work this out? WTF are these dudes and dudettes being paid for?

 

[Sarg3_ZN]

Not sure if this is another attempt at an April Fools joke or if this is yet another good story to tell

 

[IdlePhaedrus]

Not sure if this is another attempt at an April Fools joke or if this is yet another good story to tell

It's Eskom. Doubtful a joke. Besides the board of course.

 

[UB40]

 

[Pegging]

Isn’t that the guy who was understanding Eskom’s systematic issues, before Nyati, after Cyril’s and his multiple multi year planning commissions?

 

[RonSwanson]

Lekker BEE, Transformation and AA!

 

[Gaz{M}]

Eskom will never be a profitable company. Their fake profit will only be due to taxpayers picking up most of the debt and debt costs. So it is a con to say they will be profitable, when R25bn in interest a year will be paid by tax instead of Eskom tariffs.

 

[mypetcow]

 

[Jet-Fighter7700]

only took 30 years for Eskom to be driven into the ground
new record I guess?