Lol you think the anc needs help to fail?
ANC is a failed liberation movement. Liberation movements CANNOT govern. They should of stuck with terrorism. Instead of getting involved with running a country.
ANC were useless terrorists. Our SADF annihilated them in the Eighties.
And the ANC is useless at running a country. As the last 25 years has shown.
So, let's see. What good has the ANC done done for this country?
Absolutely nothing. Most SOE's are reliant on bailouts now.
ESKOM from this:
Cripping debt: 2019
Today its debt levels of R430bn represent about 15% of the state’s total debt, debt from municipalities are growing by R1bn per month, and its wage bill has exploded from R9.5bn annually in 2007 to R29.5bn in 2018.
There has been a "significant loss of critical skills", with "poor quality of maintenance" and "poor workmanship" causing breakdowns, of which 40% is due to human error, according to Gordhan.
The company is suffering from "systemic corruption, malfeasance, fraud and state capture" that has "compromised the credibility of the organisation and eroded investor confidence", Gordhan added.
Eskom has a total installed electricity capacity of more than 45 000 MW.
On Tuesday, it could only generate capacity of 27 000 MW against a demand of 30 000 MW.
Original source here:
The Department of Public Enterprises has warned that Eskom could cease to exist by April. Here's how it went from an award-winning power company to "technically insolvent".
www.fin24.com