Time for a second state-owned power utility to compete with Eskom - Ramaphosa

[Gazg]

Can't even keep one running, let alone 2. Lmfao

 

[Gazg]

double the debt, double the loadshedding, double the fun....


EDIT: competing who will strike the most

And chow the most........

 

[Paulsie]

I actually don't think it's such a bad idea, provided it's split in half and no additional staff are procured. After all, two smaller independent units are often easier to manage.

Also, if one part is Zuma and the other Rama, there might actually be some competition between them.

It cannot be worse that the current state of affairs.

 

[Dupi]

Ramaphosa says a second Eskom to compete with Eskom "not a bad idea"

President Cyril Ramaphosa has said that one of the government's solutions to South Africa's load-shedding problem is introducing another state-owned power utility to compete with Eskom.

He also emphasised that rumours that the government was planning to sell the utility to a private company are false, adding that it has embarked on a complete overhaul of South Africa's SOEs.

Is this an April fool’s joke or just a fool’s joke?

 

[Dupi]

Ramaphosa says a second Eskom to compete with Eskom "not a bad idea"

President Cyril Ramaphosa has said that one of the government's solutions to South Africa's load-shedding problem is introducing another state-owned power utility to compete with Eskom.

He also emphasised that rumours that the government was planning to sell the utility to a private company are false, adding that it has embarked on a complete overhaul of South Africa's SOEs.

Can we call it Zumaphosa?

 

[SilverCode]

We need a 5th eskom and 5 more threads on this

 

[Gazg]

"complete overhaul of South Africa’s SOEs"..............meaning just moving the useless cadres around. Lmfao

 

[Danie_V]

In theory, a State Owned Enterprise "could" work, but the evidence is very clear here, over a long period of 15 years, that it has not been able to be fixed. Now is the time to try something different and privatise and give that a chance to work. Eskom jobs are a drop in the ocean compared to the many companies going under, losing business, downscaling, etc as a result of the cost to the economy. Jobs need electricity and education to flourish. I really cannot believe that somehow magically a privatised Eskom would employ no-one. After all, every private wind and solar farm employs people to maintain them. It's time to see the bigger picture, as focussing on "fixing" has clearly dismally failed. It's costing the economy jobs everywhere else, not to mention serious safety issues. Government needs to do the patriotic things for the sake of the whole country...

 

[Jan]

Leaving these here for posterity...

 

[ajan]

In theory, a State Owned Enterprise "could" work, but the evidence is very clear here, over a long period of 15 years, that it has not been able to be fixed. Now is the time to try something different and privatise and give that a chance to work. Eskom jobs are a drop in the ocean compared to the many companies going under, losing business, downscaling, etc as a result of the cost to the economy. Jobs need electricity and education to flourish. I really cannot believe that somehow magically a privatised Eskom would employ no-one. After all, every private wind and solar farm employs people to maintain them. It's time to see the bigger picture, as focussing on "fixing" has clearly dismally failed. It's costing the economy jobs everywhere else, not to mention serious safety issues. Government needs to do the patriotic things for the sake of the whole country...

You could have just said a free market fixes this. Instead of the dribble.

 

[Johnatan56]

This solution makes no sense, the purpose of an SOE like Eskom is that there is one large provider that has better cost of scale, implementing a competitor for your own service just doubles the management, has some extra personnel that isn't needed, etc.

The solution is fixing the current SOE or introducing private, both of which should be done at the power generation level, as private will have to attempt to compete while an SOE is not supposed to be purely profit driven.

 

[agentrfr]

I will only accept this if their grid is separate and 120V 60Hz so it is safer and I can run my SNES games as NTSC

 

[RonSwanson]

lol I hadn't thought of this.

Eskom's already changing stages more frequently than I change underwear. I can't cope with having to deal with multiple stage warnings from multiple suppliers each under their own supply constraints because government couldn't organise a piss-up in a brewery.

3 different stages in one day, everyday. Now add another few more Eskoms, each with their own loadsheddings. More Medupis. More Kusiles. More jobs, more gravy.

 

[RonSwanson]

I actually don't think it's such a bad idea, provided it's split in half and no additional staff are procured. After all, two smaller independent units are often easier to manage.

Also, if one part is Zuma and the other Rama, there might actually be some competition between them.

It cannot be worse that the current state of affairs.

It's what the US did with Fannie Mae and Freddie Mac. What could possibly go wrong? Ask 2008.

 

[Neuk_]

We are led...


















...by a bunch of incompetent buffoons

 

[TEXTILE GUY]

You could have just said a free market fixes this. Instead of the dribble.

shooooo ....... having a bad day. Sorry bud, hope it gets better.

In theory, a State Owned Enterprise "could" work, but the evidence is very clear here, over a long period of 15 years, that it has not been able to be fixed. Now is the time to try something different and privatise and give that a chance to work. Eskom jobs are a drop in the ocean compared to the many companies going under, losing business, downscaling, etc as a result of the cost to the economy. Jobs need electricity and education to flourish. I really cannot believe that somehow magically a privatised Eskom would employ no-one. After all, every private wind and solar farm employs people to maintain them. It's time to see the bigger picture, as focussing on "fixing" has clearly dismally failed. It's costing the economy jobs everywhere else, not to mention serious safety issues. Government needs to do the patriotic things for the sake of the whole country...

Agreed ....

CR has had the opportunity to fix this for years - if he could have, he would have.

I agree - take Eskom 2 away from public finances and hand it over to private equity.

 

[RonSwanson]

To differentiate between the two, can I suggest that the new one produce electricity?

This is the thing. One usually doubles up when you have a really good hand in blackjack. Or when something's really going well, then replicate it. What Ramaidiot is suggesting is simply unheard of in business: Replicate something that isn't working, in the hope that something different will happen.
It's clear that he made his wealth through handouts, definitely not his business acumen.

 

[wingnut771]

This is the equivalent of rushing to a burning building and instead of putting the fire out, deciding to just build another building next to it. This government has well and truly lost the plot.

They never had it in the first place.

 

[dunkyd]

Of course its not a bad idea, him and Patrice already own it....

 

[Kola-CT]

SOEs competing...

I can see this 'competition' unfold, the race to plunder as much as possible and bankrupt it as quickly as possible.
The winner gets a bailout.
The loser gets a smaller (or bigger) bailout - all depends how this is going to be measured, but anything is possible.