Loadshedding is back

f2wohf said:
Foreign investors still make money in SA. And foreign investors like me are insured against political risks, strikes, utilities failure & co so we wouldn’t lose a dime.
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Are you a foreigner? Never knew investments are insured against political risks, strikes, utilities failure & co. If that is the case, why does it matter if people strike or politics decide to steal land to foreign investment? Somebody is lying.
 
ambroseg1 said:
People need to validate their decision. Hence the badmouthing. They need to [-]advertise[/-] reassure themselves they've done the right thing.
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FTFY

Although I suppose "validate their decision" means approximately the same thing.

I also find it a touch irritating. I've left and re-entered different countries many times in my life, without once needing to yell about it.
 
ambroseg1 said:
Are you a foreigner? Never knew investments are insured against political risks, strikes, utilities failure & co. If that is the case, why does it matter if people strike or politics decide to steal land to foreign investment? Somebody is lying.
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I am a foreigner and my foreign employer invests.

Many projects are insured against political risks, loss of profits & co. You even have a SOC specializing in insuring it https://www.ecic.co.za/Solutions/ECIC-Cover-Explained

Most physical investments coming as FDIs would have such an insurance (this is very often a requirement from the banks) whether it’s private such as a factory or a mine or destined to a public entity (road, power station...).

Purely financial investments (buying shares of a SA company) are not back by political risks insurances AFAIK.

For some countries (the only case I’ve seen in Zim), insurers are not willing to take the risk (not above USD100M in Zim), hence the investors don’t invest.
 
Strangest thing...

Power itself is a necessary service. Any attempts to disrupt power supply is seen as an attack on the People of SA (terrorism). They should get the army to protect the workers who want to work and make sure the plants run as they should. Why don't they get the army in?
 
Pitbull said:
Strangest thing...

Power itself is a necessary service. Any attempts to disrupt power supply is seen as an attack on the People of SA (terrorism). They should get the army to protect the workers who want to work and make sure the plants run as they should. Why don't they get the army in?
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Have you seen our army?
 
whatwhat said:
Have you seen our army?
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Does it matter how they look?

South Africa has a history with the Army and I can assure you with 100% surety, that if they are put at critical points, there will be no issues. Have you forgotten how quickly Xenophobia came to a halt the moment the Army was deployed. They don't play by Police rules, and that is the reason the masses fear them.
 
bekdik said:
Where is the country's president? His silence is deafening.
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Too busy counting his money

Anyways, to state the obvious. This is yet another extortion tactic, straight out of Mad Max 3, to force NERSA and us, to take more buttrape in the form of higher tarriffs...

They think we're stupid...
 
ArtyLoop said:
Too busy counting his money

Anyways, to state the obvious. This is yet another extortion tactic, straight out of Mad Max 3, to force NERSA and us, to take more buttrape in the form of higher tarriffs...

They think we're stupid...
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I don't go in for conspiracy theories...much...but I have to agree that it seems likely that this is exactly what's going on.
 
Pitbull said:
Strangest thing...

Power itself is a necessary service. Any attempts to disrupt power supply is seen as an attack on the People of SA (terrorism). They should get the army to protect the workers who want to work and make sure the plants run as they should. Why don't they get the army in?
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I 100% agree with you. The problem is that the unions have the ANC and its allies by the balls and consequently there will be little or no intervention from Government.
 
Eskom management could have easily avoided this. What they should have done is offered the unionized workforce a minimum increase making it clear to them that the company is struggling and it is either that or they need to start retrenching. So, the union workers/everyone at their level and below gets inflation while the rest of the overpaid bloatware gets nothing, that is professional and above.
 
R13... said:
Eskom management could have easily avoided this. What they should have done is offered the unionized workforce a minimum increase making it clear to them that the company is struggling and it is either that or they need to start retrenching. So, the union workers/everyone at their level and below gets inflation while the rest of the overpaid bloatware gets nothing, that is professional and above.
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Agreed, but we know the Union would never have accepted that, and also wouldn't have accepted any retrenchments (regardless of how necessary they actually are)
 
[video=youtube;ICrSm1r-XYk]https://www.youtube.com/watch?v=ICrSm1r-XYk[/video]
 
ToxicBunny said:
Agreed, but we know the Union would never have accepted that, and also wouldn't have accepted any retrenchments (regardless of how necessary they actually are)
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Yeah given that they're asking for 15% then they would probably still strike and even expect bonuses. But Eskom have been spoiling them all these years so they almost always expect to get ridiculous increases
 
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