Posted on 08/20/2023 4:21:06 PM PDT by george76
Renowned economist Dawie Roodt said Eskom’s generation and distribution divisions are slowly dying, similar to South African Airways (SAA) and the South African Post Office (SAPO).
Roodt made these comments during a Firstpathway Partners webinar on how the United States has emerged as a secure sanctuary for many South Africans.
“Only the transmission part will remain, and the rest of Eskom will just slowly die and come to an end,” he said.
Roodt previously explained that Eskom is completely bankrupt. “It has been operationally and financially run into the ground. It does not work anymore,” he said.
Eskom currently owes around R420 billion. The Finance Minister announced that the state will take over between R150 billion and R160 billion of this debt.
He said the reason for the government taking over Eskom’s debt is because it cannot survive financially.
He explained that around 40,000 people work at Eskom with an average salary of R70,000 per month.
“Last year, Eskom employees received a 7% increase. It is irresponsible. These workers are already overpaid,” he said.
Eskom’s collapse also means that it cannot provide enough electricity to keep the lights on, hampering economic growth.
...
Roodt said the government is trying to run things they cannot run, which causes them to collapse.
He previously explained that SAA had ten turnaround plans, and they all failed. “The company was ultimately run into the ground financially and operationally.”
“The same is currently happening to the South African Post Office. It is simply coming to an end. It is under provisional liquidation, and it is also just dying.”
He does not think the Post Office can be rescued, even with the new turnaround plan, which requires another R10 billion bailout.
“They have had turnaround plans before, which failed. Whatever the new plan is, it will also not work,” Roodt said.
He predicted that Eskom would go the same route as SAA and the SAPO, where it is slowly dying and the private sector taking over its functions.
Just ask the Wakandans for help…
Why Eskom is in so much trouble?
Corruption and mismanagement of Eskom, most notably during the Jacob Zuma administration, have exacerbated this energy crisis; neglect by Eskom staff in addition to multiple acts of sabotage and the activity of criminal syndicates within Eskom with alleged political connections have also contributed to ongoing power supply problems.
——Wikipedia.
Sound like Dem run US cities. What’s the problem?
Right now, it's still possible to salvage Cape Town so they should declare independence.
Negronomics strikes again ?
Back to blackouts: SA in the dark as Eskom stumbles ..The state-owned company, which produces most of South Africa’s power
https://freerepublic.com/focus/f-news/3710131/posts
Strange things happening in South Africa, so strange. What could it possibly be caused by?
America’s future.
“Kind of like Jackson, Mississippi. Primitive tribesmen are incapable of running a modern technological society.”
Dude, seriously?
That’s one of the most effed up things I’ve read here in awhile.
CC
Let’s just say it takes a certain type of people to run First World country, and South Africa no longer permits those people to run things.
Seems to be happening in the US and if it continues, there is literally NO WAY for the US to avoid the same outcome.
We saw this story played out over and over again. When the blacks take over, be it in Detroit or Rhodesia/Zimbabwe, it all turns to crap. It is just the way it is.
Jackson Demonrats have driven out Whites en masse. It’s now run by a Marxist Afro-Centric Black Supremacist Mayor (for whom, if he was the polar opposite ideology as a White, would be denounced by the media as a KKK member). They can’t even maintain clean water for the city, and you can guess the crime rate.
MS Republicans should relocate the State Capitol out of the city for obvious reasons.
Just exactly what is Eskom? Another shining example of just how bad the entire journalism craft has become. Write a whole article talking about failure but fails to tell us who and what.
When I gave up living on St. Croix (US Virgin Islands) in 2013, electricity was over 50 cents per kwh, generators were on their last breath, high voltage electrical lines were hanging 5 ft off the ground everywhere.
Today, the most recent report I could find (June 2022) has “some” good news and some awful news. The “good” news is that they hired Andy Smith to run the utility, the bad news is that the COST of a kwh today in St. Croix is .57 per kwh. The amount they collect is .41. For some perspective, my rate in Central Texas is .08 cents.
Add to the foregoing that in 2022, St. Croix had a 92.1 homicide rate. The highest in the world at that time.
I asked: how is that going to keep the electricity one?
He did not have an answer, except to claim South Africa was not Zimbabwe.
Yes. And they have very, very strict gun control laws.
“electricity one” should be “electricity on”.
I lived on St. Croix a year. An “Artist” (white guy ex pat from the US) was hacked to death in his home with machetes about 2,500 feet from where I lived. Then, a machine gun battle took place at a restaurant I used often. A lady friend of mine was robbed at gunpoint in that incident. Police arrived and that’s when the gunfire started.
So, I said “to hell with it” and moved to Dutch St. Maarten. A couple months after moving there, a couple from South Carolina who owned a restaurant on St. Maarten were hacked to death with machetes in their condo less than a mile from where I live. Another man was robbed in the middle of a public street. The 12 year old son of a friend of mine had his cell phone stolen at knife point in the laundry of an apartment complex.
Like west coast Soro’s towns, the perps are slapped on the wrist. I’m sure the machete murders on St. Croix and St. Maarten are already out of prison. Local news media tend to report each of these incidents in a generalized way one or two times and then you never hear anything more. This ofcourse is because this “News” is bad for business.
I moved back to Texas shortly after the couple on St. Maarten were killed.
And now you’re at the possible flash point of a new Civil war. Otherwise, welcome back to the States.
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