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

[Utterly Confused]

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...

Danie_V for president. ​

 

[BubiSparks]

We.......Are........DOOMED!!

 

[v3gout]

Complete and utter madness. The one they have, they broke, looted and plundered. Now they want another shiny new one. Just imagine what it will cost. Looks like Mantashe is desperate to be able to order a couple of powerships and rosatom nuclear plants, come what may.

 

[j4ck455]

“If we look at other countries like China, for instance, it has a number of state-owned electricity generating companies that even compete amongst themselves to bring prices down,” Ramaphosa stated.

“That is a future that I think we should begin to imagine.”

“That is why when comrade Gwede [Mantashe] flighted the idea of ‘why not a second one which can be owned by the government?’, I said that’s not a bad idea.”

And why would China need more than two "state-owned electricity generating companies that even compete amongst themselves to bring prices down" (instead of the state-owned duopoly that the corrupt idiot "flighted" from his singular brain cell)?

And why would this second electricity generating company that the village idiot shat forth from his mouth need to be state owned when there are already independent power producers that are not state owned?

“For much of its history, this model that we have pursued has worked, but we are today witnessing the great risks associated with placing sole responsibility for electricity generation in one company,” said Ramaphosa.

What we are witnessing is the extent of corruption within the ruling cANCer party.

 

[SubtleBeast]

This is almost on par with making des van rooyen the finance minister.

OMS... forgotten about that faux pas

 

[SubtleBeast]

What we are witnessing is the extent of corruption within the ruling cANCer party.

What we are witnessing is what happens when you put grandpa in government instead of the old age home.

 

[Peon]

I just dont understand why the anc is so determined to do the opposite of what needs to be done every single time.

If someone external to the anc says, dont walk near the cliff edge its dangerous. What will they do? They will go and walk near the cliff edge on purpose to fall down and break their bones because an outside person told them not to do it.

 

[SubtleBeast]

I just dont understand why the anc is so determined to do the opposite of what needs to be done every single time.

If someone external to the anc says, dont walk near the cliff edge its dangerous. What will they do? They will go and walk near the cliff edge on purpose to fall down and break their bones because an outside person told them not to do it.

And afterwards blame it on apartheid

 

[wingnut771]

I just dont understand why the anc is so determined to do the opposite of what needs to be done every single time.

If someone external to the anc says, dont walk near the cliff edge its dangerous. What will they do? They will go and walk near the cliff edge on purpose to fall down and break their bones because an outside person told them not to do it.

They've been trying to re-invent the wheel since day 1.

 

[e4et]

Chinese or Cuban !!

 

[Peon]

What I don't get about our 'beloved cadres' is they actually destroying themselves with the country. It's like they don't actually have self-preservation contrary to what is rampant corruption. Sounds like a contradiction, it's really a case of cutting your own nose off to spite your face.

Controversially I'm starting to think this is all our fault. South Africa should have ditched the ANC years ago.

 

[GrootVoet]

The desire for total control is to too big, ANC still pretty much in a command economy mode, they like us to believe only the ANC can solve our problems but that is just a way to hide the self enrichment.

 

[TEXTILE GUY]

They've been trying to re-invent the wheel since day 1.

To busy talking shidt about REVOLUTION to worry about the country's EVOLUTION

You KNOW its bad when one bunch or terrorists who totally fusked up their country has a go at another bunch of stoopid terrorists ..................

 

[TheMightyQuinn]

Now to find another White CEO to blame....the search is on!!

PS> I suggest Perth or Canada.....

 

[now05ster]

I think this topic deserves 3 threads.

No. Moooaaarrr.

They have rolling blackouts because the state manages the electricity prices,but the cost of coal exceeds that managed price,so the companies just shut down/loadshed rather
Then we have the huge bankruns currently
An almost singular dependency on the sale and resale of land(housing) to fund much of the economy in a giant ponzi (hello Evergrande disaster)
The Not Great Firewall and Grand Cannon ****you internet weaponry

Yeah China's awesomeeeee

Hey wena. Watch out or the tankies will come after you.


I must say I'm disappointed in myself for not foreseeing this amazing turnaround plan. Another state entity performing the same function as the present failed one.

You've outwitted me for the last time, ANC.

 

[Iamn0tageek]

I don't approve of this idea.

 

[hj007]

Anc is a communist based party which implies more state control than private sector. They will never be pro private sector and as such will always do what seems illogical to anyone that believes in capitalism/free markets.

If you dont like their approach, you can only 1. hope a different ideology gets elected (doubt you'll change peoples minds though), 2. Complain a lot, especially on MBB, or 3.leave.

Sadly, what isn't going to happen is a political party changing its form of government, especially when it was elected to do what it's doing...

 

[_TrXtR_]

Haha imagine the loadshedding schedules

 

[Slootvreter]

These fcken peasants and their ideas.

 

[AlphaJohn]

“The definition of 'insanity' is doing the same thing over and over again and expecting different results." – Albert Einstein.