Posts tagged with 'Eskom'

 

Lies, Lies and just more lies! It is absolutely sickening how Ramaphosa is deceiving the world by telling foreign investors at Davos that law and order are recovering in the SA, but in the same breath does not mention anything about the 50 killings that take place daily

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The ANC president, Cyril Ramaphosa, announced that plans to stabilize Eskom would be announced within “a few weeks”.

According to him, the power supply is therefore unstable. However, he has not expanded what the plans are to pay off the R420bn debt.

He also boasts in Davos that law and order are recovering in the country, but mention nothing of the 50 murders that take place daily in the country.

It is said corruption took place while Ramaphosa was in the seat as the ANC’s deputy president of the country and he did absolutely nothing to stop it. So why will he step in now? To recover under the dispensation of the ANC-regime where many corrupt people are sitting in key positions, will be a very challenging task and in some instances not physically possible.

Read the original article in Afrikaans on Die Vryburger

This report does not necessarily reflects the opinion of SA-new

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More borrowing, Eskom secures R1.5 billion loan from French Development Agency, they are so deep in trouble, how on earth will they pay it back?

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The utility’s Group Chief Executive, Phakamani Hadebe, said the multi-tranche loan facility will contribute to Eskom’s plans to strengthen and refurbish the transmission infrastructure.

Eskom and the Agence Française de Développement (AFD) have signed a R1.5 billion (EUR 90 million) loan agreement to support the electricity utility’s investments in extending and strengthening its power transmission grid along the west coast of South Africa.

This loan constitutes the first tranche of a R 6.5 billion (EUR 400 million) multi-tranche loan facility signed between the two institutions in March 2017.

“This first tranche will be dedicated to financing of the Namaqualand Strengthening Phase 2: Juno Gromis Project, which aims to strengthen the power network in the Northern Cape Province, integrate renewable energy sources, and ultimately facilitate cross border transmission,” said the power utility.

Eskom plans to refurbish tran
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Rolling Blackouts in South Africa Because Treasonous ANC Regime Sells Best Coal To China and Uses Proceeds Elsewhere?

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Despite, (or thanks to Billions in foreign investment in Eskom), 7.2 Million tons of SA’s best coal is destined for China from Richards Bay Harbor while South Africans suffer under rolling blackouts. 36 Chinese ships are waiting for coal to be loaded in Richards Bay Harbour. Each ship takes about 36 hours to be loaded with 200,000 tons of coal per ship average. The coal is Grade A anthracite.

According to the source, Eskom has huge stockpiles of coal and they are lying because they want that 15% increase in electricity tariffs. Is the shortage real or not? This would explain the back and forth with excuses for the blackouts

BEHIND THE ROLLING BLACKOUTS (“LOAD SHEDDING”)

12 July 2018 – Ramaphosa together with Jeff Radebe and Patrice Motsepe goes to Saudi Arabia and the Saudis invest $10 billion in Eskom.

24 July 2018 – Eskom signs a R33 billion loan with China Development Bank.

4 Nov
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