We are going to pay for Eskom's mistakes

[SilverNodashi]

But who is man enough to say "I've made a mistake"?

To be honest with you, it's going to be much better to invest in an alternative power solution, personally and business-wise, than to invest in Eskom Management's future. Solar power is viable, and affordable.

[Dave A]

I see the point of profiting from bad management has been raised.

The huge increase in the electricity price was the result of poor planning and management on the government's part, so it should not be allowed to get tax income from that, Business Day reported on Friday.

The government would get a R4-billion boost in taxes if Eskom was allowed to increase its prices by a nominal 60%, the newspaper said.

If the National Energy Regulator of SA (Nersa) grants the hike, Eskom has projected that it would make a pretax profit of R12,7-billion.

At a tax rate of 28%, the extraordinary tariff hike would generate almost R4-billion in tax, which would see the government profiting from its own bad judgement, said the paper.
from M&G here