It's hard to find any state-owned entity that knows up from down, but Eskom alone is damning enough.
It’s hard to find any state-owned entity that knows up from down, but Eskom alone is damning enough.It should be pretty obvious to all but the most blindly optimistic that the inherent structural problems at Eskom that led to Stage 4 load shedding last month have not been resolved, and we are like a patient on life support. Eskom itself has in effect already told us that., the noise quietens down, and we get back to our normal preoccupations.
Although we were told some time ago that the ANC’s investment arm, Chancellor House, sold its 25% black empowerment stake in Hitachi Power Africa, they made good money. OneThe Japanese paid Chancellor House millions in “consulting” and “success” fees over the years. You can’t help but cringe at the irony. We know it was all corrupt.
So how did we get here? In around 2005, the ill-suited Medupi and Kusile were decided on by the ANC as the best way to keep South Africa powered up in the years ahead. Their decision went against the advice of many experts who knew what kind of coal power stations are actually needed in South Africa. In an ideal world, they would have invested in modern nuclear power – but just about anything other than Medupi and Kusile would have been an improvement.would have been better, we now know.
Regardless of what I may think, according to the poll predictions, the ANC will indeed get its chance to try yet again . But they definitely don’t deserve another chance.
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