Eskom’s ‘turnaround’ plan

Die Vryburger

Eskom’s ‘turnaround’ plan
Eskom's 'turnaround' plan

More than 600 senior officials from Eskom and some executives were informed of the entity’s “turnaround” plan. According to documentation, Eskom is sitting without cash and has almost completely collapsed on several occasions.

R130 billion has been loaned to the power provider by the state, government will announce increased tariffs as Eskom unbundling continues. But this will take four years to finalize. So the future is still bleak around the entity and its overloaded workforce and top structure officials.

In the last two years, Eskom reported a loss of R2.3 billion while R19.6 billion was wasted on unauthorized expenses.

Medupi and Kusile power stations are still “off the line” due to poor construction work, corruption and cost overruns.

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