EDITORIAL: Eskom trips up Cyril
The World Bank has decried the gross inefficiency at our power utility, which it believes is 66% overstaffed
Critics of social media say it is no reflection of real life, and a recent tweet from President Cyril Ramaphosa may supply ample confirmation.Last week, the president (or his social-media minder), had this to say: "We aspire to be a middle-income economy where workers have a living wage and good living standards. We say to investors they will not find cheap labour here, but they will find a workforce that is highly productive and better skilled. We are well placed to attract investors."But aspirations are one thing, reality quite another. If Ramaphosa were to take a better look at the entity that poses the biggest threat to SA’s economy — Eskom — such platitudes would surely not have made their way onto a public platform at a time when he is seeking investment from not-so-gullible foreign investors.No less august an institution than the World Bank has decried the gross inefficiency at our power utility, which it believes is 66% overstaffed. Staff costs at Eskom are double the norm ...
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