All our eggs are in Eskom’s breaking basket, energy expert Chris Yelland says
Load shedding is just a symptom of a deeper problem, which is the financial unsustainability at Eskom‚ Yelland says
Energy expert Chris Yelland says the government has to fix the real problems at Eskom‚ not just throw money at the parastatal. Speaking to TimesLIVE on Monday‚ Yelland said the issue at hand was that Eskom’s finances were not healthy — the reason it had initially told employees they were not getting a wage increase. "What we are seeing here is the result of the financial stress at Eskom. If Eskom was not under financial stress it would not offer a 0% increase. The real underlying reason is the financial stress at Eskom. Load shedding is just a symptom of a deeper problem. The deeper problem is the financial unsustainability at Eskom‚" he said. "It is no good throwing money at a problem because that is what government has been doing … at Eskom." He said‚ looking at the regulatory framework and structure of Eskom‚ it would be a lengthy project to fix the power utility. Eskom workers staged a protest outside the company’s head office in Sunninghill last Thursday. The workers were angry...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.