SA needs to bail out Eskom - Even though it can't afford the cost

system32

Expert Member
Joined
Dec 29, 2009
Messages
3,154
The correct option is to stop the corruption at Eskom and get back the money.
McKinsey paid back the R1b
Trillian has been ordered to pay back R600m
Recover +R200b overrun costs from Medupi and Kusile
Recover coal contract corruption.
Heard yesterday on 702 (Ted Bloom) that about R1.5T needs to be recovered.
 

shearder

Senior Member
Joined
Aug 22, 2007
Messages
767
Privatise eskom and Saa and best if we could the government as well lol would be run better. Just not by the banking cartels
 

deweyzeph

Executive Member
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Apr 17, 2009
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7,434
Bailing out Eskom is not the only option. Privatisation is the only feasible long-term solution, and then they can put Eskom out of its misery by selling off all its assets.
 

Corelli

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Jun 20, 2008
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1,069
Easy peasy. Everyone goes on prepaid. If you cant pay. You get cut off. Same with large businesses. Dont pay your electricity. We switch you off. You will find suddenly how quickly everyone will pay.

For SABC it wont work however. As no one would really miss them. Thats why Digital is the worst for them. No one will end up paying.
 

3WA

Executive Member
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Sep 25, 2012
Messages
8,030
Easy peasy. Everyone goes on prepaid. If you cant pay. You get cut off. Same with large businesses. Dont pay your electricity. We switch you off. You will find suddenly how quickly everyone will pay.
Doesn’t solve illegal reconnections.
 

dualmeister

Honorary Master
Joined
Oct 15, 2005
Messages
22,209
South Africa simply has to rescue the nation’s distressed power utility.
People will only invest when they see that there is a light at the end of the tunnel. Eskom's track record proves that there will be no light. Also the bulb will be stolen.
 

Gaz{M}

Executive Member
Joined
Feb 9, 2005
Messages
6,055
Easy peasy. Everyone goes on prepaid. If you cant pay. You get cut off. Same with large businesses. Dont pay your electricity. We switch you off. You will find suddenly how quickly everyone will pay.

For SABC it wont work however. As no one would really miss them. Thats why Digital is the worst for them. No one will end up paying.
A noble suggestion, but consider the many municipalities that don't even pay over prepaid revenue to Eskom because they spent it on something else.
 

ToxicBunny

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Apr 8, 2006
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87,276
A noble suggestion, but consider the many municipalities that don't even pay over prepaid revenue to Eskom because they spent it on something else.
It may end up having to be a case of municipalities that self-provision have to be removed from the equation and all power is acquired directly from Eskom.... (That in and of itself is probably an insurmountable ask though, with places like Ethekwini and CoCT and JHB)
 

Sapphiron

Centadel
Company Rep
Joined
Jan 29, 2004
Messages
2,069
Open up the generations to the private market. let larger municipalities and industry build their own generation capacity.

Sell off Eskom generation capacity to private sector.

Eskom as an SOE only exists as a national distribution company.
 

Johnatan56

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Joined
Aug 23, 2013
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26,287
Easy peasy. Everyone goes on prepaid. If you cant pay. You get cut off. Same with large businesses. Dont pay your electricity. We switch you off. You will find suddenly how quickly everyone will pay.

For SABC it wont work however. As no one would really miss them. Thats why Digital is the worst for them. No one will end up paying.
Erm, no, post paid you pay a very large deposit to begin with, if Eskom swapped us to prepaid, they'd need to pay back that deposit first. We're Eskom direct customers.
The issue is more illegal connections and municipalities not paying Eskom what is owed, not post paid customers.
 

Fuzzbox

Expert Member
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Jun 10, 2009
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1,125
30 000 employees too many.
Getting rid of them would solve part of the problem.
 

Swa

Honorary Master
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May 4, 2012
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23,840
Problem isn't SA bailing them out, it's them cadres giving up their share of the pie.
 
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