Godsell resigns, Maroga back as CEO

Hello darkness, my old friend
I've come to talk to you again,

Simon & Garfunkel saw it coming a long time ago then.....
 
Sorry eishkom, the fact that you cant even tell us who's steering the ship speaks volumes. Time to cut that cash cow and privatise.

Errr....no private entity would be interested. I think at the current electricity prices, it's not a viable business.
 
It's like the guy on 702 this afternoon said, Eskom have blacked out all information on this PR fiasco. And we pay these clowns to carry on this business like a great big game.

Godsell may not be everyone's favourite businessman, but at least he had a better chance of turning things around.

At Eskom things look like its going to be getting dark for a while yet!
 
Hello darkness, my old friend
I've come to talk to you again,

Simon & Garfunkel saw it coming a long time ago then.....

"And after the rain there's a rainbow, and all of the colours are black"

My Little Town - Simon and Garfunkel.
 
So Mr Godsell gone because there was either:

1. political interference, or
2. no backing by the board

Either way these are dark times for Eskom ... another unnecessary power struggle! :mad:

But it shouldn't surprise, as we have seen this story being played out with Transnet and SAA and ... ???

Question is this, how is this going to affect international perception of Eskom/SA, which might have an effect on their credit rating (?), which in turn could mean that borrowing money will be more expensive. The ultimate outcome of this is that electricity will cost more. :(
 
Privatise -- BUT -- Taxpayers cough up

Sorry eishkom, the fact that you cant even tell us who's steering the ship speaks volumes. Time to cut that cash cow and privatise.

Privatisation is seen as the BEE all and end all answer.


There is a Golden Rule

The "buck" stops at the "man-in-the-street" because he/she has nonone else to pass it on to.

Whether the buck is being passed by the Gov / Sars / or the Private sector


Look at Transport

MetroRail / Transnet -- Rail transport is fscked --BUT -- transport HAS to happen -- so it is open to private enterprise.

So now there are hundreds of trucks on the roads

So now the roads start collapsing and have to be rebuilt

WHO pays for this -- NOT the stupid TOLL concessionaires or the BIG truck companies -- or the Gov.

It is little kiepie you and me one off taxpayer who has to foot the bill somewhere somehow along the line.

WHO is making the profits :confused:


SAA continues to need bailouts -- so we have private players.

The PAX numbers are up -- new airport buildings are needed -- new roads to access the airport -- new infrastructure etc etc

WHO pays for all this -- local authorities -- municipalities -- Metro's :confused:

OR "You and me"


So it goes -- similar principle right through all these so called privatised ( and semi-privatised ) industries.

TELKOM / TRANSNET / ESKOM / SAA ( and ALL their siblings )

Socialism and Monopoly Capitalism -- paid for by Joe Soap Taxpayer

"Privatise" -- another "code" word for rape the consumer / rape the taxpayer.


MW
 
The same board which justifies tariff increases, approves CEO salary adjustments and does not act timely on the reported neglect by the CEO on the so-called "Susan Olsen report" asks the CEO to resign. Why now? Why the board approved his salary increase first and then ask him to resign?
 
What does all this matter. The decision makers within Eishkom remain the same and for us regular folks the doom is still inevitable and I quote "if someone is currently paying around R800-00 electricity a month, in 3 years time they will be paying R3000-00 a month" unquote.
 
The same board which justifies tariff increases, approves CEO salary adjustments and does not act timely on the reported neglect by the CEO on the so-called "Susan Olsen report" asks the CEO to resign. Why now? Why the board approved his salary increase first and then ask him to resign?

+1
This board is resposible for the mess we are in. Get rid of them and Maroga. They have so far blackmailed us with 2 options, pay up or face more blackouts. They have not explained to us how they will make the company more efficient by reducing costs and employing competent individuals for key managment positions. And yes they need to explain it to us, the taxpayers. They choose to act like a parastatal when they need additional money, yet they choose to behave like a private company when they want to payout fat bonuses and classify certain information they want confidential.
Get rid of them
 
The same board which justifies tariff increases, approves CEO salary adjustments and does not act timely on the reported neglect by the CEO on the so-called "Susan Olsen report" asks the CEO to resign. Why now? Why the board approved his salary increase first and then ask him to resign?

Reading news reports, the board did not ask Maroga to resign. Maroga & Godsell offered their resignations, the board chose to accept Maroga's. He then turned around and claimed not to have tendered his resignation, which is where the dispute arose. If you offer to resign & are taken up on that offer but then change your mind and don't officially tender your resignation (ie in writing), have you resigned or not?
 
In my opinion, the board should resign along with Maroga. They, as a whole, have done nothing but screw things up over the last 5 to 10 years.
 
Reading news reports, the board did not ask Maroga to resign. Maroga & Godsell offered their resignations, the board chose to accept Maroga's. He then turned around and claimed not to have tendered his resignation, which is where the dispute arose. If you offer to resign & are taken up on that offer but then change your mind and don't officially tender your resignation (ie in writing), have you resigned or not?

I don't think he can withdraw his resignation. If it is minuted in the board minutes then that would normally be sufficient.
 
...and we'll all pay for them to protect His Royal Retardedness until they die for their own stupidity.

The horrible thing is that their lethal cretinism is not only restricted to them (I wish), but the whole country.
 
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