Eskom unwilling to sell power stations

[Bradley Prior]

Eskom unwilling to sell power stations

The South African government has said that Eskom needs to sell off assets, including some of its coal-fired power stations, before receiving further bailouts to help deal with its R392-billion debt.

 

[Corelli]

For once I agree with government. 10000 excess jobs and you want us to pay 20% more for electricity and want the tax payers to pick up the debt isnt feasible. By now its time for competitors to be fully allowed into the market. I am sure the French will happily build a nuclear power station or 2 up the west coast and cut our reliance from Eskom.

 

[Corelli]

A lot of businesses has a ton of excess wastage. I discovered the other day that part of my department has 2tb of antique reports since 2006 costing effectively R5 per gb cloud storage per month. Let alone db costing R3k per month that only 3 people use for their own productivity. So theyre all being switched off. A while ago we discovered a department of 50 people putting together one report manual that only 2 admin staff reads. So everyone replaced by Ai that can now do it while saving a fortune.

So seriously treat it like a private business and cut out the excess. Its more profit and better bonuses etc.

 

[genetic]

I'm liking our new finance minister more and more.

I was worried when Tito Mboweni threw in the towel, but Enoch Godongwana is making the right moves.

 

[Lupus]

I'm liking our new finance minister more and more.

I was worried when Tito Mboweni threw in the towel, but Enoch Godongwana is making the right moves.

Why Tito was like the president a yes man

 

[RonSwanson]

Enoch Godongwana is making the right moves noises.

Yet a few of his predecessors (Jamnadas and Mboweni ) did exactly the same, and were all overridden by more "powerful" people in the ANC.
Making the right noises is one thing, what the ANC does is usually the exact opposite.

 

[mypetcow]

Plot twist: Patrice Motsepe puts in a bid, buys a few coal power stations and runs them like a business. Don’t worry, as a businessman I’m sure Patrice will try to make sure that we as customers pay at just our pain point for electricity. Probably close to like R5/kWh or something like that.

Since it’s no longer in government hands he can always justify the increase as he won’t get such good loan terms from government as Eskom currently gets as an SOE. Loving this running it like a business mentality here.

FYI for all ‘run it like a business’ fans, this works well when you have an alternative like…oh no Woolworths is too expensive, I’ll go to Shoprite or that car is too expensive I’ll buy the other one from that dealer instead. You can’t really say…I’ll get my electricity from the other power station as it’s cheaper. Sure you can go for solar and a battery but then you’re out of pocket personally hundreds of thousands….and not everyone has hundreds of thousands, can finance it….or actually owns the property they live in…or would be allowed by the body corporate to install solar and a battery….

 

[TEXTILE GUY]

Mr Godongwana was a shop steward for the Metal and Allied Workers Union MAWU from 1979. He became general secretary of the National Union of Metalworkers of South Africa (NUMSA) from 1993 to 1996 and served on COSATU's Executive and Central Committees from 1992 to 1997.

https://www.pa.org.za/person/e-godongwana/

However, Eskom would only receive further government support if it sold assets and cut jobs.

But then

Members of the Congress of South African Trade Unions (Cosatu) gathered in Newtown, Johannesburg on Thursday to embark on a nationwide strike against widespread corruption and job losses.

https://www.timeslive.co.za/news/so...atu-strike-against-job-losses-and-corruption/

I suggest the trade unions go chat to their buddy Enoch. The ANC wanted to govern, and old Enoch there created the trade union expectation and right to strike.

 

[Creag]

So who carries more weight; the Government or Eskum. Hopefully our good Guv gets their way on this.

 

[TheChamp]

So who carries more weight; the Government or Eskum. Hopefully our good Guv gets their way on this.

They won't be able to justify laying off workers since it is government who brought Eskom to where it is. So it won't be what most people here are hoping for, probably some voluntary packages and a firm hand to get rid of some through misconduct and the illigal things they get up to.

There won't be any mass retrenchments in the near future.

 

[OCP]

They won't be able to justify laying off workers since it is government who brought Eskom to where it is. So it won't be what most people here are hoping for, probably some voluntary packages and a firm hand to get rid of some through misconduct and the illigal things they get up to.

There won't be any mass retrenchments in the near future.

Meanwhile the tax payer if forced to bend over again and again.

 

[Creag]

I suppose the big question is who will buy their coal-powered stations. Old. Riddled with maintenance issues. Cannot see how they can realise anything significant from this. Maybe the big win will be removing the maintenance costs and labour that goes with it?

 

[TheChamp]

Meanwhile the tax payer if forced to bend over again and again.

Yeah, everyone is a victim and everyone feels the pain.

 

[OCP]

Yeah, everyone is a victim and everyone feels the pain.

Those who actually pay for it feel the pain.

Those who have run the economy into the ground while enriching themselves are not losing any sleep over it though and these are the same people standing in the way of change.

Something has to give - there is neither an infinite supply of tax or patience from those getting raped.

 

[porchrat]

I suppose the big question is who will buy their coal-powered stations. Old. Riddled with maintenance issues. Cannot see how they can realise anything significant from this. Maybe the big win will be removing the maintenance costs and labour that goes with it?

I'm sure they won't get much for them in the atrocious condition most of them are likely in at this point.

The main benefit would be to the people of South Africa. Put those power stations in the hands of a more capable organisation, preferably one as far away from government as possible, and maybe they can finally be maintained efficiently and generate power in a productive manner.

I don't mind having to pay more for electricity if that's the genuine cost of providing it and ensuring supply for the future. What I'm not happy with is what I'm currently doing: paying more for obvious corruption, incompetence and staff bloat.

 

[Swa]

I suppose the big question is who will buy their coal-powered stations. Old. Riddled with maintenance issues. Cannot see how they can realise anything significant from this. Maybe the big win will be removing the maintenance costs and labour that goes with it?

They are not in a condition where they are profitable and can prevent loadshedding. This won't work the way people want it to. It's mostly a ruse to get those 10k workers employed by the private power station and Eskom will pay an inflated price for its use when it's working.

 

[Pegasus]

I suppose the big question is who will buy their coal-powered stations. Old. Riddled with maintenance issues. Cannot see how they can realise anything significant from this. Maybe the big win will be removing the maintenance costs and labour that goes with it?

Cadres will pay with "BEE" money, like SAA.

It's quite clever from the ANC.

 

[supersunbird]

Plot twist: Patrice Motsepe puts in a bid, buys a few coal power stations and runs them like a business. Don’t worry, as a businessman I’m sure Patrice will try to make sure that we as customers pay at just our pain point for electricity. Probably close to like R5/kWh or something like that.

Since it’s no longer in government hands he can always justify the increase as he won’t get such good loan terms from government as Eskom currently gets as an SOE. Loving this running it like a business mentality here.

FYI for all ‘run it like a business’ fans, this works well when you have an alternative like…oh no Woolworths is too expensive, I’ll go to Shoprite or that car is too expensive I’ll buy the other one from that dealer instead. You can’t really say…I’ll get my electricity from the other power station as it’s cheaper. Sure you can go for solar and a battery but then you’re out of pocket personally hundreds of thousands….and not everyone has hundreds of thousands, can finance it….or actually owns the property they live in…or would be allowed by the body corporate to install solar and a battery….

Why can't you? In the UK you can do that. You choose your electricity provider.

 

[mypetcow]

Why can't you? In the UK you can do that. You choose your electricity provider.

Not if Eskom is the only buyer and the only one allowed to sell to municipalities and direct to customers
Until that changes we can’t go the UK route.

 

[bixt]

The predictions of the 3 idiots (yellend, blom and roussoe) regarding 400 days of loadshedding per year hasnt come to fruitition. So they publish this crap to avoid becoming irrelevant.

Sell, dont sell, who cares. IPPs are the coming reality.