With Eskom falling apart, the private sector must generate SA's power - Dawie Roodt

[Jan]

Eskom falling apart

Efficient Group chief economist Dawie Roodt said Eskom is a bankrupt company which cannot be saved, which means that the private sector will have to provide the country’s electricity.

Speaking to the SABC, Roodt predicted that Eskom would go the same route as South African Airways (SAA) and the Post Office.

 

[Mekon]

What can we say that hasn't been said before. The cANCer and all of the state owned and state pillaged entities are a failure

African excellence

 

[The_Right_Honourable_Brit]

Isn't that what is effectively happening now with all the IPPs getting onboard?

 

[PaulMurkin]

Mr Roodt, you don't say. Tell us something we don't know... something new.

 

[ShaunSA]

But they just got an upgrade from that ratings company.... Eskom is saved!

 

[mypetcow]

Eskom can and will not go bankrupt. It is too big to fail because it actually generates the electricity to run this country. Not just your house. The country.

BTW Eskom’s been running on loans since 1928 that is hasn’t been paying back. Just saying.

Lets just say its been running a little less optimally in the last few years and it definitely needs improvement.

 

[TPM]

Why is so much being broken under the current govt ?
This was unheard of a decade ago. We need accountability for this destruction.

 

[xrapidx]

It won't be long before government implements a ongoing tax/levy to penalize those who have made alternative plans.

 

[PaulMurkin]

It won't be long before government implements a ongoing tax/levy to penalize those who have made alternative plans.

Yup.. inverter/generator/solar tax

 

[xrapidx]

Yup.. inverter/generator/solar tax

They're going to want to tax you on an ongoing basis...

 

[system32]

It won't be long before government implements a ongoing tax/levy to penalize those who have made alternative plans.

Yep, they going to tax the sun.

 

[mpdjhb]

Well. yes.

Blah blah blah, fault of the voters, blah blah blah.

Until politicians are voted out this won't change.

 

[Cranjus McBasketball]

Just wrap some duct tape around that bad boy.

 

[system32]

 

[mypetcow]

They're going to want to tax you on an ongoing basis...

They’re going to have to prove that the panels on my roof are actually generating electricity. I’m just using them to protect my roof tiles from the elements so that it lasts longer.

 

[Gazg]

Literally........

 

[hj007]

How much power were we actually getting from Kusile?

 

[AlphaJohn]

Eskom can and will not go bankrupt. It is too big to fail because it actually generates the electricity to run this country. Not just your house. The country.

BTW Eskom’s been running on loans since 1928 that is hasn’t been paying back. Just saying.

Lets just say its been running a little less optimally in the last few years and it definitely needs improvement.

 

[Herr der Verboten]

Eskom falling apart

Efficient Group chief economist Dawie Roodt said Eskom is a bankrupt company which cannot be saved, which means that the private sector will have to provide the country’s electricity.

Speaking to the SABC, Roodt predicted that Eskom would go the same route as South African Airways (SAA) and the Post Office.

Ah yes, good olde NP chasing away BT and Private Power back in the day

 

[hj007]

View attachment 1414197

Loans moved from Eskom B/S to Gov B/S after last budget speech. Bit of smoke and mirrors, but it doesn't need to be profitable nor even generate any power, as long as SA isn't defaulting on its debt.

We just keep printing ZARs until the government employees strike that their salaries are worthless.