ESKOM: Incompetence Level 4 here to stay…..
For those who missed the news, the ANC Clowns responsible for the downgrade and downfall of this beautiful country are still free and playing with your lives as bad as they can.
As easy as 1, 2, 3 and 4 has stopped to be a children’s game, Load Shedding Stages 1, 2, 3 and 4 have now become daily reality….and for now, Stage 4 is here to stay, today, tomorrow, together … in the Dark!
Adding some salt to the wounds, the water levels in Gauteng are now so dangerously low that facing the rainless winter, South Africans are facing beside hour-long power outages also water shortages. But back to EISHKOM:
Level 4 means the country is short of 4 000 MW … yes, you heard right: 4 Giga Watt. That is nothing that happens overnight, that accr…
Budget Speech 2019 ... Delivered!
On 20 February 2019 Finance Minister and former Reserve Bank Governor Tito Mboweni opened his 2019 budget speech in the tradition of former Finance Minister Trevor Manuel, comparing the South African economy with a seedling plant, which is weak and needs a lot of care to grow and become as strong as needed.
This was already an indication of what was to come, every step of the way into the Budget Speech showed where he “learned the ropes” of handling a difficult budget. And a difficult one it was as he had to work with nothing but still tried to ooze confidence.
The minister painted a bleak picture as the country struggles with rising expenditure, failing SOEs (please see the following article in this eBRIEF) …
EISHKOM & HELLKOM - Epic Fails being the Final Nail to the ANC's Coffin?
Are ESKOM and TELKOM the final two nails that are needed to nail the ANC’s re-election coffins shut?
Everybody had to walk down memory lane with a bitter taste as load shedding returned with a vengeance, reaching level 4, a level of severity not seen for four years and analysts say it has blown up into the biggest political threat facing President Cyril Ramaphosa’s ANC just three months away from elections.
Eskom unexpectedly imposed highly-unpopular power rationing last Sunday, with rotational cuts now scheduled every day – plunging shops, offices, factories and home into darkness for hours. This week the government confirmed that troubled state-owned power utility ESKOM, which generates more than 90% of the country’s…
Load Shedding Stage 2 continues ...
While ESKOM is waiting for being unbundled as per SONA 2019 given by President Ramaphosa last week, and in the meantime loosing ZAR 500m per month, load shedding continues.
Eskom announced that it will implement stage 2 load-shedding today, Monday 11 February. The rotational power outages will take place from 09:00 until 22:00, with the objective of shedding 2 000 MW of power nationwide.
Eskom said that while many generating units have been returned to service, other units continue to trip, resulting in a shortage of generating capacity. The power utility advised residents and businesses to use electricity sparingly during this period in an effort to reduce demand.
This is the second day in a row Eskom has implemented stage 2 lo…
Ramaphosa gives State of the Nation Address without Turmoil
Yesterday, President Cyril Ramaphosa delivered an economic-focused State of the Nation Address in front of the Cape Town Parliament. For those, who watched to see just another edition of clowns.com in action where disappointment as the president diffused the usual belligerent atmosphere created by the EFF. By offering to sing the EFF Anthem in parliament in case the EFF wins the elections and to form a band togetehr with Mmusi Maimane, he had the humour in his side and the sympathy of the EFF delegates to stay and listen.
The address was focussed and addressed most heated topics determining the path of the country, but lacked definitive plans of actions or visions for any jind of implementations. However, the following key quotes are …
Ramaphosa to give second SONA, while none of his Promises has been kept
One year into the “new dawn” that South African President Cyril Ramaphosa promised when he took power, the economy is battling many of the same old problems. Growth in Africa’s most-industrialised economy is sluggish, unemployment is still at record levels and the debt of mismanaged state companies such as Eskom is weighing on finances. That’s a challenging backdrop for Ramaphosa, who promised a slew of regulatory reforms when he became leader of the ANC in December 2017.
Ramaphosa, like his predecessor Jacob Zuma, began his presidency with a recession. The country has emerged from that slump, but expansion hasn’t exceeded 2% annually since 2013 and will only reach that level by next year, according to central b…
ESKOM CEO admits to ESKOM failure and considers Unbundling!
It is no secret that ESKOM is in a state that seems almost beyond rescue, just another failure in the concert of State Owned Enterprises.Borrowing money to mainly financing debt, SAA and ESKO are both sad examples for the inability of the current government to govern those enterprises but instead being very much in favour to continue ransacking the state coffers in favour of two elephants that are not able to walk on their own anymore.
The umptieth CEO of ESKOM, Phakami Hadebe, addressing the delegates at the Mining Indaba yesterday, seems the first one though, who admits to reality. Nobody wants to lend money to ESKOM anymore, the coal suppliers hold the utility at ransom, procurement is corrupted beyond comprehension and the adminis…
ANC is gaining Voters again - Majority in next Elections looms
To the despair of any democratic and anti-corruption mind the ANC appears on track to dominate its sixth straight national election in May 2019 as it increasingly wins back supporters alienated by former President Jacob Zuma’s scandal-marred rule, an opinion poll released this morning shows. Ramaphoria seems to have survived the added scandals and ill-appointments of Zuma Sycophants as Ministers have not led to to unveil the true nature of politics in South Africa….shocking!
61% of 3 571 adults interviewed face-to-face by research company Ipsos between October 23 and December 4 last year said they’d vote for the ANC, while 14% said they’d back the Democratic Alliance, 9% the Economic Freedom Fighters and 2% the Inkatha Freedom Party…
Education Minister caught in Web of Lies announcing Matric Pass Rates 2018
In a never-ending effort of the ruling party to boycott education in South Africa so to keep potential voters uneducated and unaware of their corrupt and incompetent leadership the recent release of the 2018 matric results is yet just another example how they try to pull the wool over the eyes of the public.
Minister for Basic Education since 2009 and past president of the ANC Women’s League, Angie Motshekga, had the audacity to step in front of the press to announce a national pass rate of 78.2% in the 2018 National Senior Certificate Examinations, an alleged increase of 3.1% compared to 2017 and appositive trend over the recent years.
But the honourable Minister forgot to mention two major facts that show those figures in a diffe…
Investors' Confidence at Lowest Levels since Downgrade to Junk
South African business confidence fell to the lowest level since the country lost its investment-grade credit rating, as political and policy uncertainty continue to weigh on sentiment. An index tracking SA business confidence declined again in the fourth quarter of the year, according to the latest business confidence index by Rand Merchant Bank and Stellenbosch university’s Bureau for Economic Research. Confidence is now at the lowest level since the second quarter of 2017, when former president Jacob Zuma’s move to fire Pravin Gordhan as finance minister saw the country’s debt cut to junk by S&P Global Ratings and Fitch Ratings.
The index declined from a revised 34 points in the third quarter to 31 points. Of the five sectors that…