When Eskom load-shedding will stop

[Gordon_R]

https://mg.co.za/article/2018-12-07-00-gupta-looters-leaves-sa-in-the-dark

Interesting article!

By the time the SOS was sent out two weeks ago, PetroSA, which had helped Eskom successfully to avert load-shedding at a cost of R200-million to Eskom during the June to October winter months, was coming out of a crisis of its own. Its production plant in Mossel Bay had been down for longer than 28 days and had not produced any diesel.

This was because a once-in-four-years planned maintenance cycle, from September 28 to October 30, overran because of additional work that was required.

 

[Pineapple Smurf]

Thank you Phakamani Hadebe. Thank you for phucking the country up We salute you

 

[Craig_]

https://mg.co.za/article/2018-12-07-00-gupta-looters-leaves-sa-in-the-dark

View attachment 589814
CEO on “consequence management” program?

That is me in meetings normally, while everyone is chatting I micro manage from there. Could be what he is doing as well.

 

[Temujin]

Eskom was ground zero for state capture where billion of rands were looted in schemes designed to benefit the Gupta family and friends of former president Jacob Zuma.

The damage done by various enablers — including former Eskom chief executive Molefe, former executives Matshela Koko and Anoj Singh, former board chair Zethembe Khoza, and former public enterprises ministers Malusi Gigaba and Lynne Brown — lost the state company billions and incurred irregular expenditure, bringing it to the brink of destruction.

How many arrests? How much of our money has been reclaimed?

 

[ToxicBunny]

That is me in meetings normally, while everyone is chatting I micro manage from there. Could be what he is doing as well.

He is in the middle of a press briefing on a crisis that impacts the entire country.... you don't fsck around on your phone, you pretend to be present and interested.

He is also the CEO, he shouldn't be micro-managing fsckall...

 

[d0b33]

The public owns the Eskom grid, open it up to competitors already!

 

[Emjay]

load shedding will stop?

when all the incompetence is thrown out the door, the bribes are confiscated, and all the equipment is overhauled/upgraded to highest standards.

when will it happen? honestly? never.

It's not that simple. Eskom's liabilities are crushing it. Their financing costs are just going to keep gobbling up any gains it makes. It needs a massive bailout to clear that debt before we will see any relief from the high costs or service outages.

We are almost in worst case scenario. The only thing left to go wrong is current generation capacity taking further hits.