Everybody predicted this 30 years when psychopath bill clinton forced black rule on SA. According to the article, the average worker at energy giant Eskom gets $14,000 a MONTH! Most are blacks hired thru affirmative action and can't even read. You can't
run a modern county without electricity. BTW - There are 5 rand to a dollar.
https://dailyinvestor.com/energy/27635/eskom-slowly-dying/
aug16 2023 Renowned economist Dawie Roodt said Eskom’s generation and distribution divisions are slowly dying, similar to South African Airways (SAA) and the South African Post Office (SAPO).
Roodt made these comments during a Firstpathway Partners webinar on how the United States has emerged as a secure sanctuary for many South Africans.
Roodt previously explained that Eskom is completely bankrupt. “It has been operationally and financially run into the ground. It does not work anymore,” he said.
Eskom currently owes around R420 billion. The Finance Minister announced that the state will take over between R150 billion and R160 billion of this debt.
He explained that around 40,000 people work at Eskom with an average salary of R70,000 per month.
“Last year, Eskom employees received a 7% increase. It is irresponsible. These workers are already overpaid,” he said.
Roodt said the government is trying to run things they cannot run, which causes them to collapse.
“The same is currently happening to the South African Post Office. It is simply coming to an end. It is under provisional liquidation, and it is also just dying.”
He does not think the Post Office can be rescued, even with the new turnaround plan, which requires another R10 billion bailout.
“They have had turnaround plans before, which failed. Whatever the new plan is, it will also not work,” Roodt said.
He predicted that Eskom would go the same route as SAA and the SAPO, where it is slowly dying and the private sector taking over its functions.
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