Five major things to look for at Eskom

Jamie McKane

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Five major things to look for at Eskom

South Africa has been promising for months to fix Eskom Holdings SOC Ltd., the state power utility that’s drowning in debt, made record losses and is reliant on government bailouts to remain solvent.

While little tangible progress has been evident so far, several key decisions are due to be taken this month.

[Bloomberg]
 

We Love Bass

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Oct 18, 2018
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Does Jabu Mabuza even know how to change a light bulb? this comrade recruiting is whats killing this country.
 

Happy Days

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...provide clarity on the costs and benefits of two new power plants
Medupi and Kusile? o_O They're not new - hell, they came with built-in obsolescence.:whistling:

EDIT: they better not be talking about 2 new new coal power plants :mad:
 

Gordon_R

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https://www.fin24.com/Budget/i-thin...lan-to-deal-with-eskom-debt-imminent-20191014
Government will soon make an announcement on dealing with debt at power utility Eskom, President Cyril Ramaphosa said.

The president on Monday delivered the opening address of the Financial Times Africa Summit, in London. The summit is a gathering of investors, business people and decision makers. During a question and answer session following his address, Ramaphosa shed light on the crisis at the debt-ridden power utility.
 

MidnightWizard

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THE "PLAn"

In exchange for taking over ALL of Eskom debt
The Chinese will --

1.) Take over the daily and long term running of Eskom

2.) Be given exclusive rights to SIMONSTOWN NAVAL harbour

THIS little bit of financial and fiduciary stability will cause great relief among ratings agencies and WESTERN finance houses !
 

grok

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Dec 20, 2007
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5 major things noticed about Eskom thus far:

1) little tangible progress has been evident so far,

2) little tangible progress has been evident so far,

3) little tangible progress has been evident so far,

4) little tangible progress has been evident so far,

5) little tangible progress has been evident so far,

With the same lot in charge nothings gonna change, in fact it will become worse, mark my words..
 
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