So Eskom is back to load shedding again.
Even down to load shedding on the weekend when load is supposed to be low.
I thought as units from Kusile came online, load shedding was supposed to be over.
What has gone wrong now?
So Eskom is back to load shedding again.
Even down to load shedding on the weekend when load is supposed to be low.
I thought as units from Kusile came online, load shedding was supposed to be over.
What has gone wrong now?
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We have been lied to all along.
Victor - Knowledge is a blessing or a curse, your current circumstances make you decide!
Solar pumping, Solar Geyser & Solar Security lighting solutions - www.microsolve.co.za
Justifying high tariff increases to keep the light on...
All of the above plus coal supply problems which just proves what they've been saying all along ie we need a massive trillion Rand neuclear deal with Russia or China or preferrably both.
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Came across this pic this morning - Figures paint an interesting story - "Connect the dots "
The generator and UPS promotion emails have started flying thick and fast again
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An old article I recently came across again:
2017/12/27, 17:07:39: Mike Barnes: Some interesting facts I picked up the other day – SAA (South African Airways) buys 1.5 million bottles of VALPRE water a year. The wholesale price of these bottles is R2.75 each. SAA, however, does not buy directly from the producer. It buys them from an "empowerment company" set up by ANC cadres and pays R 17.20 a bottle, that's over R21 million more than they ought to be paying. If they bought it retail they'd be paying R15 million less. The fuel bill is inflated by 30%, R1.3 billion, because the fuel is also not bought directly but bought through a Black empowerment company linked to the ANC.
I went to an Allan Gray Presentation yesterday and Andrew Lapping (excellent speaker) gave some fascinating information on Eskom.
The background to this was the mini-budget and how Govt spending has increased dramatically but unfortunately has been used in a very unproductive manner.
He mentioned that we all hear about how the SOE’s are being run badly but to give more perspective on this, he drilled down into Eskom, the biggest SOE.
From 2003 to 2017, the electricity output has remained flat (ie no increase at all). Now if a company’s production remained flat over a 14 year period, one would assume that there had been a reduction in costs and that the company had become more efficient and productive with fewer resources.
Now, lets look at Eskom . . . .
In 2003, they had 32,000 employees
In 2017, they have 47,000 employees (a 50% increase in employment with zero increase in productivity).
One could think that maybe they employed many low paid employees to help the unemployment situation.
Not so . . . .
In 2003, the 32,000 employees had an average annual salary of R200,000
In 2017, the 47,000 employees have an average annual salary of R825,000 (if they had inflationary increases, it would have been an average income of R400,000)
So, in summary, over the 14 year period, their production remained flat, their employment increased by 50% and their average annual salary quadrupled.
Could your company survive if it did anything like Eskom ?
A brief, easy-to-read summation of how we got to this point here:
Zero-income Eskom between a rock and a dark place – no easy fix
What disturbs me most is the problem is critical to the fortunes of South Africa's economy. It makes me wonder - Just how much has Eskom's woes contributed to the stagnant state of our economy over the past 10 years or so?
The article suggests Eskom's blushes has been saved some by the lack of economic growth. Frankly, just how much of that lack of growth is because investors decided to go elsewhere because of the power supply problems?
In fact, come to think of it - weren't there project cancellations at Coega for that very reason?
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“Eskom’s corruption has cost SA R1.4 Trillion” - Energy expert, Ted Blom
https://www.jacarandafm.com/shows/br...GLpB_7IppIhX80
As a person who doesnt understand all the politics etc...all i see...man this country has a lot of money to waste...i wouldnt mind the salary of just one of these officials.
I also dont understand what justifies them to earn 8 million rand a year ...how do they quantify his salary? Clearly it is not calculated by his performance/
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