LETTER: An Eskom solution unpalatable to the ANC
Removing the cost of corruption from the balance sheet will make Eskom a going concern again, but it will be an admission of the ruling party's guilt
Given the outstanding Eskom debt and the impossibility of maintaining a going concern without a government bailout, we need a considered solution. All industries and all individuals depend on power. Equally undeniable is that the ANC has all but destroyed Eskom’s ability to deliver power efficiently. We are assured that this is being addressed, but given the project nature of their build out and the long-term consequences of their destruction, we are destined to be paying for this for some time to come. To ensure the future efficient allocation of resources: The decisions and costs of previous corruption and incompetence must be separated from the future. Efficiencies must be embedded in the power generation and distribution model from here on Those responsible for the current scenario must be seen to be censured or prosecuted to ensure tax morality is maintained. Once the costs of previous corruption and incompetence are calculated accurately, national government must assume this d...
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