Eskom going the same route as SAA: Roodt
Вставка
- Опубліковано 17 жов 2024
- Efficient Group Chief Economist Dawie Roodt says Eskom is financially and operationally not possible to salvage and will come to the same end as South African Airways (SAA). Among South Africa's deteriorating state-owned enterprises, Eskom has been going through the worst crisis for more than a decade in all of its 99 years in existence. Public Enterprises Minister Pravin Gordhan last week appointed a new Eskom board with a mandate to steer the entity out of its deep prevailing crisis.
Meanwhile, the office of the Auditor General yesterday briefed the portfolio committee on Public Enterprises on the audit outcomes of the department and the state-owned entities. The AG reported that there's no alignment between DPE and SOEs, and policy uncertainty has led to the failure of the entities to deliver on their mandate.
Director and Chief Economist at Efficient Group Dawie Roodt shares more.
For more news, visit sabcnews.com and also #SABCNews on all Social Media platforms.
Bravo Dawie! One of the few people in this country calling it 100% correct!
Well said Dawie!! Thanks for calling a spade a spade.
It may have been but imbeciles ran it into the ground through their incompetence.
BEE
Love this engagement/debate!!! The interviewer must play devils advocate and push for sound responses. Dawie seems to know his story. Glad they remained respectfull towards each other
She always plays on one side of the spectrum
Agree with Dawie. Politics and cadre deployment is destroying this country.
Now that was an exceptional debate done with respect and awesome professionalism!
Beg to differ. She often talked right past him. He on occasion did the same. Like they were speaking a different language sometimes.
As a former Eskom engineer, I can say the following:
Eskom is a prime example of what happens when politicians meddles with a sound business model.
The current generation plant was under maintained for the past 22 years, and therefore cannot be brought back to the reliability and efficiency seen during the 90,s -2000’s as it will simply cost too much.
Private equity partners can indeed come aboard, but they will only buy units of the latest power stations, which they will operate by themselves, and will procure fuel (coal) at market parity - prices., which is expensive in any case not to mention the corruption..
The truth is that cheap or “affordable” energy as suggested by SABC news anchor, will never be possible again given the shortage of coal worldwide, and due to an aged and poorly maintained generation fleet.
Privatisation will only materialise when the SA government has NO choice left, and when they need to approach the world bank for a loan, PRIVATISATION will then be a prerequisite..
In the meantime, brace yourselves, this load shedding is only going to get worse, as there is no quick fix to decades of mismanagement..
Exactly, there should be a ban on exporting all our precious coal, that's what is needed to continue operations at Eskom.... It's not rocket science, yet saboteurs continue "polluting" our Eskom coal supplies, causing damage to the equipment, thereby all these unpredicted "breakdowns" The system is corrupt.... 😬😡
And nobody wants this job now!!!
What did you witness about tenders for contractors who do major repairs at the power stations? Some people seem to think that the repair crews are a mafia who deliberately do poor repairs to cause further breakdowns and ensure their employment as a form of rent-seeking.
Did Eskom have a business model that provided electricity for ALL South Africans or for some?
@@katlegomoatshe1312 doesn't really matter because the high volume of power theft, the culture of non payment by civilians, municipalities and Soe's is beyond any business's ability to trade out of, or supply with the mess ups at kusile and medupi. So normally it would simply require extending the grid
The model is there. It's just another failure by Inept untrained and corrupt officials and cadres from A to Z.
Watching from the UK it looks like the SABC is a government department as well.
For all practical reasons the Broadcaster is controlled by State. Communist based.
@@janniemeyer9951 Ja ek dog so! I have to say though that it’s the same here in the UK, as well as the US and a lot of Europe, and for similar reasons - to control the narrative. Let’s be honest though, die SAUK was an apartheid mouthpiece. In my view it’s best to watch state, left and right wing media and then only to start drawing some basic conclusions on the state of the world. The general public has never been so manipulated by the press. 👍
Of course it is.
Haha of course it is. They refused that DSTV do their own South African News channel. They are tri party alliance. Communist Party, Cosato and ANC.
lol, you can google for that answer not speculate.
Took the ANC 27 years to pull South Africa through there arses
Respect to both......interviewer and interviewee !
This lady keeps contradicting herself...., Well-handled Dawie
Dawie. ROODT my greatest respect for you.
It was great that they had such a hard debate and still maintained composure. No easy questions or answers. I agree that intensifying the activities that got us in trouble will only make it worse
If they keep the gov. out of it they can solve it, but whilst their cadres are stealing and incompetent Eskom will just collapse and the whole ecomomy will follow.
Yeah and it is a month later and guess what. Talks about Stage 8 and blackouts today
I really enjoyed their engagement. Very respectful despite their disagreement
This was very interesting and I enjoyed the discussion very much. Sadly though, we can't look back 20 years and think that Eskom is suddenly going to be the glory it once was- 20 years of neglect, need I say more.
This man really touches the genuine Points.It is a Reality what he says here.You are Right Dawie
The man has been sent by Ramaphosa's CR17 funders who don't want to be revealed, now they want their payback through our SOEs!
This man is wise, somebody needs to take his advice. I see clearly what he means. We must avoid reaching a point of no return.... There's still time to take advice...
That's what Dawie is a Chief Economist, he knows what he is talking about.... The government should completely step aside as one can see that their main goal is to "control", hold onto power and see how they can collect as much money as possible. They cannot show even one "successful story" from day one..... The cANCer must go with immediate effect
Gotta love how the interviewer opens the interview by stating that Dawie Roodts opinions are somehow exaggerated or ‘out there’ No dear, anyone with common sense and two eyeballs can see where this is going. One doesn’t have to be an economist
Check Shafiya’s comment below. Blind as a bat.
@Bielie Van Die Bosveld She doesn’t know the basic concepts of economics. She talks about Eskom being the best utility in 2000? Yeah because it wasn’t looted clean yet
The only maths she understand is the growing centimeters on her behind and how she is living well supporting crooks like CR and cronies. She sells snake oil to fools
@@Neo_Rain146 eskom was servicing only 30% of the country's population at this time...
@@sengamemela3720 Irrelevant
Dawie. What do brilliant economists know that the ANC does not. .......The inconvenient TRUTH. You also are smart you also have integrity you also have big testicles.We ( those who have reason)' salute your logic and solid common sense.
Dawwie is speaking the truth
dawie I'm with you on that and not an economist but I get and understand what you saying privatization is the way to go
I agree with Dawie. A ticket to Cape Town on Safair is around R1500 single while SAA is always more than that even when we pre-pay through bailouts and still we can not afford to fly the State Airline. why do we need an airline that we can not afford to fly as taxpayers. We end up flying the private airlines that we are not even bailing out.
WELL SAID!!
Exactly. State companies are still not efficient nothwithstanding the subsidies. Because there are no penalties for bad performance. Jobs are protected and Most people can get away with murder. And that will never change. And corruption will also remain. We have a sindicate mafia from government down to the bottom and that is exactly why thse guys (sorry girls) are protected. And that is why people have to drink laced coffees. Because they push in the wrong direction.
Thank you so much for this journalism, anyone with half a mind will be able to see through the holes you poked.😇
I agreed and believe that Eskom will be the same as SAA and post office!
At last a person, a true South African that tells the truth! Not like the SABC
I hope the lady watch this video afterwards, and realise she COMPLETELY missed the boat on the airline example and apologise to Dawie and the everyone who watched this interview
Agreed totally. Is she politically naive ?. She spoke right passed him. Different language. Roost forgot to mention that Postnet . A private successfull company had long taken over Post Offices core function... She wanted examples. I almost got the feeling she was bordering on obfuscation
Anything that was built before 1994 is either not working in its full capacity or its been temporarily out of order for 30 years or completely non functional Eskom, Railways, SAA, Post Office going the same way
thanks, Dawie in total agreement with you as we have a power hungry incompetent government
Mooi Dawie. Sys snap nie die konsep van belasting nie.
I loved this interview/debate! Kudos to both Sakinah and Dawie for trying to get to a solution for the incompetence at play within our SOEs. It is possible to provide efficient services, but the current leadership just cannot get it right. So, they must step aside and let others do it! I am tired of paying my hard-earned money for failing utilities!!!
AS SHE INDICATED IT HAS BEEN WORKING IN THE PAST BRING BACK THE PEOPLE AN ORGANIZATIONS WHO GOT IT TIGHT THAT WOULD BE THE PREVIOUS RULING PARTY AND GOVERNMENT HOW FANTASTIC WILL THAT BE
ANC or rather say black political south African leadership just destroy everything as from 1994.😭
I still have the video where Ramaphosa promised there will never be loadshedding again
She doesn't seem to understand that government money IS TAXPAYER MONEY!
She is to dumb to realize it
Very true they have too many people and not all productive and competent enough to hold their jobs.
Kind of spoke past each other because no one wants to say the obvious. To solve the Eskom problem, you have to remove the ANC from the equation. Whether by privatization or other means. Maybe we can professionalise Eskom and get it back to what it was but definitely not with the ANC at the helm.
its not the anc, its the ideology, anc is just the head of it
We must also examine the role of illegal connections, and what extent it contributes to the failure of Eskom. Free rides must end, no matter how expensive electricity is.
So true.... Everywhere one looks, you see these illegal connections 😡 yet, most authorities tend to get the "ostrich syndrome" (head buried in the sand) and don't do a thing to curb the problem in fear of the "backslash" they'll be attracting..... They must do what they are paid to do..... or step aside....
speaking of "free rides"... maybe the answer is to get rid of the ANC !
@@gstar3569 Agree 100%, the anc corruption will end once we've kicked these daylight robbers out of power. They are drunk with the power and resources they're abusing. They betrayed SA's trust.
I agree whole heartedly.
There are too many illegal connections.sjoe..haibo......when l went to visit my hometown eThekhweni...wow...the proliferation of illegal connections that you can plainly .
“The most terrifying words in the English language are: I'm from the government and I'm here to help.”
― Ronald Reagan
@Glen this is 100% true , as a 4-year-old in 1984 black child I remember experiencing exactly what is depicted by this statement...
Almost as bad as the dreaded SA expression "We'll make as plan".
I agree with you Mr Roodt. There was a survey done by a private international company hired by the outside investors to do an audit on Eskom and the outcome was that Eskom's debt runs into trillions of rand. It is said in the audit that there is sufficient evidence to take ANC to the ICC and have them locked up for they are unable to redeem their international loans. The situation at Eskom is irredeemable! They are beyond businees rescue! Mr Roodt is correct Eskom will end up the same as SAA!
Well said Dawie 👏 The truth hurts but private sector will be able to help .Rather have a option to have electricity then to let it completely go dark.
Dawie Roodt is a fantastic economist 👍🏻👍🏻👍🏻
Privatising and de-reguliting everything in South Aa will create 10x levels of economic growth annually. Dawie is constantly correct.
End all regulations and have capitalist, private businesses own and run it all and the economic growth will be extraordinarily high.
@@stlouisix3 What about unemployment?
Jobs will be created that's what happens in a deregulated market and less state owend entity's because businesses can compete give everyone a chance let the government only provide safety and inforcement of the law and basic utilities
Brick crap. You mad
@@realgenius1402 what about unemployment?🤣😂😅
I'm clearly not a real genius because that comment appears to me to be virtually entirely devoid of meaning.
Why not just say it and say it again: "Get rid of the ANC/SACP/All Trade Unions for ever and start to solve the problems"
Cause that won't be true. The problem is NOT the ANC. You heard me right. It is the majority of the SA electorate, something that can't be changed. Only logical advice will be to diversify your risk and start investing outside SA and working towards full immigration soonest. I can't see any other way out, especially when you have kids.
@@wvbosch Not sure I understand what you mean. Do you mean "working towards full EMIGRATION i.e. leaving SA to live in another country. IMMIGRATION means to move into a country permanently. I emigrated FROM the UK and immigrated to SA.
@@wvbosch My man! You hit the nail on the head. The government, it's contractors and the cable thieves are all SA citizens. We keep blaming the government, it's our people that are doing this to us.
Cadre deployment, and placement of inefficient, and incompetent politicians who lack skills, is the cause of failure in all State owned entities.
add corruption and severe mismanagement to that list
Yes!!! And that shows the ANC's greediness and stupidity!!!
@@christinevandermerwe5660 the stupid ANC that your kind is for ever complaining about was indirectly created by the same stupid racist ideology that was designed to build an economically "prosperous " country at the expense of 90% population of the country. The people who still hoped that this country was supposed to have quantum leaped 1994 into producing the best politicians and the best engineers and a rainbow nation , after all the nonsense that your kind put this country through, are more obtuse than your bi-product , ANC...
You are ignorant of social dynamics
You have no clue. just repeating what the white dutch contingent is saying. Stew in your ignorance.
Build Back Better - Bring Back the Boer
Eskom can start by having consumers pay their bills directly to Eskom and not through municipalities because that is where the money is disappearing.
ABSOLUTELY!!!!!!!!!
Been paying my bill directly to Eskom for the last 30 years
I have said this many times
@@piaget1967 Then you are lucky to be able to pay directly to Eskom. In Johannesburg we are forced to buy out electricity from City Power as Eskom, by agreement, will not supply power directly to the consumer.. In addition, those of us who are forced to buy from the local municipality also have to pay their mark-up in addition to the amount of increase granted by Nersa. If you have found a way to get around this way of paying and to Eskom directly, then pray divulge it.
Eskom had a bout 6 million meters that they supply directly to, the rest of South Africa's meters are 'owned' by municipalities and private contractors which act as one of the middle men between consumer and Eskom. It's just the way it is.
Great video...! . It absolutely sums up the REAL problems in SA..... . SABC keep going, you are contributing soooo much.......
This why we need the SABC
It can't be fixed because all the experienced people in eskom were made redundant or resigned because of a poor transition process. Red tape screws it up again... Perhaps on purpose, who knows
Mooi
so Dawie ! Ek is bly dat ek nie die stront moet oor en oor verduidelik nie !
Onthou die slaag syfers..... Hulle sal nóóit verstaan nie... 😉
Dawie you are talking to someone at SABC yet another civil servant!
Ye sure.
But if all these state enterprises are going down, why keep Gordan as minister. Is he mandated to see the demise of these state enterprises?
Thulani you have hit upon the answer and yet you seem unsure.
He is a communist by his own admission. He has never run a business that has to keep itself afloat and therefore doesn't have a clue what he's doing. His mandate is to keep it chugging along at all costs...except the money is running out.
He has s communist mindset he is from SACP he want everything to belong to the state simple as that
Step 1 in getting SA back on track - get rid of ALL parasitic politicians!
Most probably! All the cadres have only one aim: ĎESTROY EVERYTHING!!! Terug bos toe!!!! Hulle wil nie die witmense se goeiie handewerk hê nie, want dit maak hulle skaam-kwaad, jaloers en vreesbevange oor hulle eie onvermoë!!!!
Out of her depth to understand the big picture -a cultural shortcoming believing that current management is capable under current governance to self-correct is not going to happen and people will start crying soon when we are at Zim levels. And we are already there.
well informed well said
It's not about privatising Eskom. The point is to privatise electricity generation. Let others also supply the wholesale electricity market using the transmission grid. Eskom (as a state-owned entity) can keep generating while competing with private generators. Many countries, including Australia, have shown the way.
That’s not the problem.
You have a very corrupt and incompetent regime in power. Even if you privatize power generation, the corrupt govt will still manage to fumble transmission and distribution. You’d be surprised. The only way out of it is to take the govt out of electricity, or you change the corrupt regime. There’s no middle way.
SAA was sold for R50, I wonder how much will Eskom be sold for?🤔🤔🤔
We need more interviews like this one. Not open mic night filled with propaganda .
I'm loving this exchange. both having valid points
I fully agree with Dawie, we must privatise Eskom ASAP.
SA going the same route as Eskom and SA airlines.
INEPTOCRACY A DEFINITION
Ineptocracy (in-ep-toc’-ra-cy) - a system of government where the least qualified and capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed, are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of hardworking law abiding tax paying producers.
I sommer call this mess DOM-CRASHY instead of democracy!
Just gotta love this explanation.... So spot on.... 👍😉
Well said!
Fantastickly put💥
As Margaret Thatcher once said. "Socialism is when the government runs out of other peoples money".
People voting ANC must not complain for any situation. They just get what they voted for.
Pity all the people suffer.
INTERVIEWER SEES HER JOB GOING DOWN THE DRAIN...
Is it possible that the plan to get rid of de Ruyter has worked exactly as planned? Is it possible that we will now soon see Russian engineers at Eskom’s helm, is that possibly why Mabuza has been a regular visitor to Russia? Or will we soon see Cuban engineers being paid huge salaries to “save” Eskom and certain government officials benefit hugely financially?
I'm willing to bet big money that you are 100% correct!
I think the infrastructure is too far gone. Probably what we will see is Karpoweship being granted a 20 year plus lease to supply electricity at one enormous cost to the paying citizens
@@robmoody3710
Whole SA is going the same route as SAA. Its inevitable...and blame anc incompetent cadres, forced AA & BEE where people are employed not according to skill & merit but on colour & pity. South african deserve this because this is what they voted for every election.
Great discussion, but it could have been better if the interviewer could have kept up with Dawie's arguments. She lost the plot a couple of times.
Sy weet nie hoe dit werk gloo my
Dawie is on the money in every point he makes. Country will not survive in this trajectory
Exactly! Somebody should make and sell cheap solar panels and sell it to consumers.
Sakinah is the shining example of how government thinks. She works for a bankrupt state owned enterprise. The sabc...
Do you understand that the government employs more people then the private sector, with that said Government annual turnover is around R3 trillion whereas the private sector annual turnover is around R10 trillion, just put that into perspective. So who should carry the unemployment burden? because the private sector is surely not doing it.
Well said ...mr
100% the TRUTH by Dawie Roodt
You are SPOT ON.................
@Brick Topp best reply from lowest common denominator. What a well thought out argument you present...your mom must be proud of your intellectual capabilities. 🤣🤣🤣🤣
@Brick Topp aaah its always cute when they think they r cleva.
🤣🤣🤣🤣🙈🙉🙊
9:37 Sakina is Dreaming with her eyes open😄 ideology is blinding. 15years since blackouts started
12:10 I fly SaFair coz they cheaper
Its simple, ESKOM is finish, competition is great for consumers, GO PRIVATE, more the better! Agee with DAWIE!🏆🏆
What about unemployment?
Give 1 example,
SIMPLE, ONLY ONE EXAMPLE, MTN phoned me got a unlimited data deal for a month, for R400, 2 days later vodacome phone me with same deal for R399 a month, competition is great for consumers, they fight for consumers, you consumer can pick and choose where to spend you money, you can only buy you electricity from one provider, they can do what ever they want,you dont have a option! Competition is great for consumers!,🤣🤣🤣🤣
@@jolo9573 Name one country where privatizing lowered prices....
Dawie was conflating the issues, with that being said loved the conversation, more please....
This journo is way out of her debt. It's embarrassing. Trying to seem "cleva" and actually being clever, are two very different things.
Do you understand that the government employs more people then the private sector, with that said Government annual turnover is around R3 trillion whereas the private sector annual turnover is around R10 trillion, just put that into perspective. So who should carry the unemployment burden? because the private sector is surely not doing it.
Another "cleva" one that just made up a bullshit comment. I won't even entertain your "genius" because you're clearly from a world where economics doesn't work the same as it does in this world. This is why I believe you're a blatant IDIOT who knows NOTHING about accounting, finance, economics or business. You state that a government has an "annual turnover". Go figure out what is wrong with that statement, NOT SO GENIUS!!!
Sakina is actually smart and she raises some valid concerns that we all should take into consideration. Dawie is also not less intelligent, he is just being disingenuous and not fully transparent about the consequences of privatising SOE's. Sometimes we should focus on what is being said, not who says it.
Fantastic truth spoken by Dawie
Sakina, the GOAT... loved it sis
She has no idea what she is on about and you are clearly part of the 30%generation no critical thinking skills
New Zealand is a small country but has 3 independent power suppliers and they are competitive.
Who was running ESKOM when it was efficient and who is running it now? Maybe the answer is there?
Expand please. It seems you already have made up your mind.
@@zinhlelo5042 He's not stating his opinion, he's stating facts. So he can't 'make up his mind', as it's already been made up.
All the accumulated skill at Eskom was summarily retrenched, without proper training and handover.
What this lady does not understand is that even people who will never fly are now paying through their taxes to subsidize those who do.
The SABC should also be privatized obviously
Hammering on an eggshell door here Dawie. The host is but totally incapable of following your sound business logic for 3 various reasons, which I will not venture into. At least you got her worked up & hot under the collar which might, kick start a few brain cells & enable her to mentally lay the concept of ubuntu at All costs to rest in cotton wool.. RIP. Keep it up .Big fan of yours.
Ps. Wait until the age of robotics & AI really kicks in & integrates into the labour market. That will be a tough time for everyone both socially & economically.
ANC goverment must go.
Great, passionate and intelligent debate. Thank you.
give it back to the ppl that ran it 22years ago..... then it will be one of the best again.
SABC - still his masters (ANC) voice.
We need a competent SA not privatisation. SAA is a great example, it's not working for ordinary South Africans, prices are soaring higher than ever seen. Pity how this division in thoughts is exactly what is going to keep ANC in power, which means the country will continue going down hill
South African government is not going to be competent.
You arecorrect BUT Dawie is saying that directly due to the current situation there is now no choice but privatization, it may not be the best solution but it is the only direction it can go UNLESS there is a immediate and wholesale change in SA politics.
Which isnt likely is it ?
privatization forces companies to do it properly, they have to because they lose their own money. If you dont own the cow, you wont get up at night to help it when its sick...
Her understanding (or lack thereof) how the economy works is the perfect explanation why the country is where it is now.
If 20 Million people could pay Eskom each R40 they would have R800000000 yo sort their issues out , if only
The taxpayer is paying for SAA and then still paying for tickets. Can’t she get it ?
Spot on Dawie
Perfect axample of how tough it is to explain the problem to unqualified people.. come o guys it's trillions missing.. we not talking about a Mercedes or BMW.. we are decades behind the rest of the world economically, and now after watching this maybe even intellectually
There is private sector and then there is cadre private sector.
And that is where they want to go....Motsepe, Radebe and Ramaphosa busy with the mother of state captures that will make the Guptas look like sunday school...
Unfortunately she did not grasp the point that was being made about a privatised air industry. It is actually sad that so many airlines folded in SA because of the unfair advantages given to SAA and other state owned airlines.
Well said Mnr Roodt.
It is the same with all government institutions. There is no proper functional state run institutions.
Jes jes my frend
Yes, look at our Post Offices, we don't even know where our mail has gone to.
Dawie Roodt for President?!!
The least minister of finance! .However he is too light for the job and would in any event refuse associating with idiots.
Sakina, the taxpayer doesn't have a choice where their money goes, ask those in command, why they are making stupid decisions?
Go Dawie, you make sense!!!
Hello SA has gone the same way as eskom
Morning Live, PLEASE interview Desmund Bernardo from OODEZZ. You are correct about the political interference being the problem. OODEZZ has a 7 point plan that you will love 'coz I can see where you are going with this........
Dawie is looking at the makro level whilst Sakina is looking at the consumer level. It is essential to consider the effect on the country's economy which translates into how the individual will be affected. A great debate.
yep we have to see the big picture
Get rid of ANC goverment and we can build and repair, keep ANC is power and the country will go down hill more and more.
But this is what the world wanted.. And everyone in 94.....
Felt the weight of guilt hanging on our shoulders from our parents that grew up with it . And believed in it . But as young kids growing up in the 60s to to 94 we rebelled against the pass and 6pm time curfew. Couldn't understand why . My father was livid I voted ANC. But now I understand that he saw the destruction that was coming. Uneducated people in power.
@@traceyvanhoeflaken3174 I'm really disappointed in you Ma'am. What you've said now says a lot more about you than the incompetent people that you've criticised. You don't deserve to be called a South African citizen.