Eskom and Transnet wasting money big-time

Die Vryburger

Eskom and Transnet wasting money big-time
Eskom and Transnet wasting money big-time - Image - Die Vryburger

While the average household cost for electricity is R290 a month, Eskom will charge households about R1 200 a month. And the cherry on the cake is that Eskom is asking for a further 20% increase.

The civil rights group, OUTA, responded to the news of the statistics general, Pali Lehohla, who pointed out that between Eskom and Transnet, they spent about 76 percent of the entire capital expenditure of the state sector.

The report shows that Eskom and Transnet spent R73 billion and R34 billion in capital expenditures during the past financial year. The state’s total expenses increased by R19 billion from 2015 to 2016.

OUTA thinks Eskom is getting enough money from the state, while its capital spending budget is also sufficient to keep them running, and that they do not need to milk the public further.

Also, Eskom received a qualified audit, and no account could be given of R3 billion unlawful spending. Ted Blom from OUTA said there should be a “tower access code” that authorized these expenses, or somewhere an old checkbook is lying around. “But Eskom’s chief financial officer, Anoj Singh, will have to explain.”

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