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Anton Eberhard
SA power utility 's COO says their interest bill this year is ZAR 45 billion. Already that's higher than the sums foreseen in their tariff application to the electricity regulator. Over next 3 years interest + principal payments on debt will exceed R 260 billion. Whew...
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Dave Walker Oct 15
On top of which, there is a threat of , which further reduces the capacity to service the debt. It's a vicious circle.
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Adrian Oct 15
Anton, please stop. I'm crying in the shower. PS Please don't stop. You sir are a gentleman. In all seriousness, would you know off hand how this compares to education or healthcare expenditure?
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Concerned Oct 15
A thorough forensic analysis line by line of the corrupt expenditure is required. There is absolutely no reason for anything to be believed. Is all the expenditure in persuit of the core Business? What percentage is not?
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No Victim Here Oct 15
Good God they are inept at almost everything! Except looting the shit out of the state... political appointees by ill equipped mentally Cadre deployment 🀯 what could possibly go wrong?
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Edward Hilton Oct 15
R45 billion in interest payments is effectively R60 per month out of the pocket of every single resident in SA.
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Heidi D Edwards Oct 15
I don’t understand how any organisation continues to function with such negative figures.
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Luca Nkefi Oct 15
😱😱😱😱😱 what???!!!
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sharkman Oct 15
Mexico has started deregulation. Working with clients now and it can be done.
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Electrical Skhokho Oct 15
If this is true, what were d CEOs, CFOs doing all along?
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Nils Flaatten Oct 15
Is now the time to break up Eskom?
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Paul Fitzsimons Oct 15
- no - 10-15 years ago was the time to do it
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Peter Bruce Oct 15
Break up or break down...
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Ma'at Oct 15
So why doesn't hawl them onto the red carpet and revoke the 4% increase now already? . It appears that the patient is very sick and suffering arrogance, so best to give the bitter pill now
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Alastair McAlpine Oct 15
This is why , , Brown et al should all be in prison. They mismanaged and looted until they brought it to its knees...
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Bevg Oct 15
Not a single one has even been charged ... our are useless .
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Mike Oct 15
then we have Cyril trying to encourage investment when ESKOM is in huge financial trouble ,
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Despicable Me Oct 15
I am not even sure if that can be solved. I need Zuma's backers to help resolve this. There were problems at Eskom in 2008 but after that they seem to have exploded. Reality is I am going to pay to have this fixed one way or the other. Joys of being a taxpayer right
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Energy Exchange SA Oct 15
that's very interesting. The interest rate risk is hedged to a fixed rate so they know way in advance what the payments will be. Therefore there should be no excuse for this amount being incorrectly projected
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