Electricity sector horribly inefficient, says economist
Electricity sector horribly inefficient, says economist
Government (All Departments from Local to National Level) are the main cause of our hefty inflation problem.
There are other examples one can add to what The Economist stated, like fuel costs, which Government has helped push along with Annual additions to The Budget of a few cents every year.
What about Telecommunications. South Africa is so far behind now in this department, I cannot say when the situation will improve. And what about all the jobs that were lost because of the Telkom Ballsup.
Eskom was doing Ok until Government tried to fix it by placing a Moratorium on the Building of New Power Stations .. anyway that story is so old, I don't feel like repeating it.
All I can say is that collectively we are now going to be paying a fair penny for Electricity in the future in the way of tariffs and load shedding implications.
Thank you Government, but sorry you failed the grade on this one big time. No Noddy Badge and definitely no performance bonuses until the year dot.
Electricity sector horribly inefficient, says economist
Stated this many times on this forum."And it's not their fault [the central bank], it's actually government's fault. And I'll tell you why - because it is very difficult to control inflation if any other government department and municipalities have no respect for the policy at all. They are raising prices to whatever by whatever," he noted
Government (All Departments from Local to National Level) are the main cause of our hefty inflation problem.
There are other examples one can add to what The Economist stated, like fuel costs, which Government has helped push along with Annual additions to The Budget of a few cents every year.
What about Telecommunications. South Africa is so far behind now in this department, I cannot say when the situation will improve. And what about all the jobs that were lost because of the Telkom Ballsup.
Eskom was doing Ok until Government tried to fix it by placing a Moratorium on the Building of New Power Stations .. anyway that story is so old, I don't feel like repeating it.
All I can say is that collectively we are now going to be paying a fair penny for Electricity in the future in the way of tariffs and load shedding implications.
Thank you Government, but sorry you failed the grade on this one big time. No Noddy Badge and definitely no performance bonuses until the year dot.
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