MAKE YOUR VOICE HEARD: SUPPORT TLU SA'S CAMPAIGN AND BE PART OF THE SOLUTION
South Africa is reaching a crossroads with its power crisis. TLU SA calls on the government to privatise Eskom, because the current situation could send the country over the edge.
- The privatisation of Eskom is the only answer and solution to the country’s energy and economic crisis.
- Eskom’s problems are operational and financial.
- Merely making small changes and moving Eskom’s debt around will not solve the problem.
In an interview with BizNews, global energy turnaround specialist KW Miller says Eskom is an “operationally dysfunctional, financially insolvent, unreliable and corrupt entity”. He says the way forward will be determined by the actions of creditors, who own a large part of mainly state-guaranteed Eskom debt.
Eskom facts
- Eskom’s true debt is more than 75% of South Africa’s total debt.
- Eskom has every possible problem you can imagine.
- The coal contracts are riddled with fraud. The boilers were ruined due to poor quality coal.
- Diesel is not used effectively. Eskom burns 10 billion litres per day.
- Eskom will spend about R20 billion just on diesel in 2023.
SUPPORT TLU SA'S CAMPAIGN AND BE PART OF THE SOLUTION
Add your name to the list.
The full list of names will be sent with a letter to the parties involved, including the Minister of Labour, the Eskom board and Pravin Gordhan, Minister of Public Enterprises. It has been shown time and again in the past that when South Africans stand together, changes can happen. It is time for civil society to insist on high quality service and to put pressure on the parties to grow the country in the right direction.