Goodbuy Eskom…. Hello ‘black’ Africa!

Die Vryburger

0
Goodbuy Eskom.... Hello 'black' Africa! Photo: Die Vryburger
Goodbuy Eskom.... Hello 'black' Africa! Photo: Die Vryburger

Eskom is technically bankrupt and will not survive until May 2019, if it does not receive urgent financial assistance. The power supplier will have to shut down its coal furnaces if it does not obtain sufficient financial support from elsewhere.

In a document released by the Department of Public Enterprises, it is acknowledged that Eskom can operate at the most until April 2019.

In the document, Eskom’s debt burden is set at 15% of the country’s total debt burden, which means that the entity is technically bankrupt and without competent people at the helm it will never recover.

Read the original article in Afrikaans on Die Vryburger

South Africa Today – South Africa News

Related Post

Chatsworth pastor and congregants robbed and locke... Two men armed with a knife and firearm robbed a Chatsworth pastor and congregants and then locked them in a room during a church meeting on 17 Februar...
DIRCO stands ready for elections abroad With the General Elections fast approaching, International Relations and Cooperation Minister, Lindiwe Sisulu, has called on Heads of Mission to rally...
Hijacking in progress stopped by brave hero taking... A hijacking in progress was put to a halt when a brave hero intervened. Suspects in a black vehicle pulled up to a silver bakkie at Springs Mall and p...
Barbaric farm murder of Willemien Potgieter and fa... This coming Saturday 23 February 2019, would have been the 11th Birthday of Willemien Potgieter. On 1 December 2010, six black males brutally and viol...
Disclaimer: The views of authors published on South Africa Today are their own and do not necessarily represent the views of South Africa Today. By viewing, visiting, using, or interacting with SouthAfricaToday.net, you are agreeing to all the provisions of the Terms of Use Policy and the Privacy Policy.