LETTER: Duma Gqubule gets facts wrong on Eskom
It is time that Eskom presents a fully transparent picture to its customers
The opinion column by Duma Gqubule (Report challenges myths about Eskom (https://www.businesslive.co.za/bd/opinion/columnists/2019-10-14-duma-gqubule-report-explodes-myths-about-eskoms-failure-and-the-solutions/), October 15) is misleading on many fronts. There are numerous reasons why Eskom finds itself in its current predicament, but being undercapitalised is not one of them.
The three main reasons are: the cost overruns on Medupi, Kusile and the Ingula pump storage scheme; Eskom’s bloated and expensive workforce; and the coal procurement strategy implemented by Matshela Koko and Brian Molefe...
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