Escom problem.............simple explained?

It is quite clear to me that escom is not only holding the goverment to ransombut also the comsumers.

Escom calculations for some expansion projects where in the region of 100mil than 150mil now i believe the figure stands at 300mil and is still climing. The banks down graded the credit rating of escom The regulator allowed only a 14% price increase. Now escom is in a tight squeese.

Escom problem.............simple explained?rate my teacher

The government minister of mineral and energy affairs ( who have since been promoted to vice-prez) enforced a moratorium on Eskom from 1998 to 2004, prohibiting them to build new power stations (against the urgent advice of engineers assesments) while waiting for a tender for a second national power company. This failed dismally, SA now have daily power outages costing the country billions. And still the government will not accept responsibility. In any sane environment Mhlambo Nguka (the ex minister responsible) would have been fired. In the ANC government, she has been promoted to vice-president. Huh? Am I missing something here?

Escom problem.............simple explained? loan

You didnt bring in the Bonuses for the Affirmative Action Directors into your calculations.|||well eskom should fire there finance managers because it looks like they have done a pathetic job!|||I have a theory...

Maybe we%26#039;re being sabotaged. (Anybody ever read %26quot;Economic Hitman%26quot;?). Whoever is 2nd runner up for the 2010 world cup is making sure it doesnt happen. I man if this is going to continue for the nest 7 to 8 years, how are we going to host the World Cup? Provide for thousands of outsiders when they cant provide for us? Imagine watching a match at night, then all of a sudden %26quot;darkness%26quot;! Despite generators being used, not too many establishments have that, they%26#039;ll be missing out on a great opportunity.

At least the one positive thing is that the generator business will be booming. If we lose this one, I will personally stand outside government headquaters laughing my lungs out whilst waving a one way ticket to Perth at them.

*Sorry, I%26#039;m pissed*|||Vango has the facts right!

The other factor is the severe skills shortage. They have not been able to replace the highly skilled and experienced technicians that they have lost over the last decade or so. This means that maintenance schedules have slipped badly - causing a domino effect - with many generating units %26quot;offline for routine mainenance%26quot; at the same time.