Electricity Crisis | Where are the billions in bailout money?
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- Опубліковано 9 лис 2021
- Eskom has in the past decade gotten billion of rands of bailouts. Yet here we are, in the dark and struggling. Where did the money go? eNCA's Heidi Giokos is looking at the money trails. Courtesy #DStv403
Do not worry about the money, it is perfectly safe.... In Switzerland and Dubai, safely in the accounts of the "freedom fighters"....🤣
What a stupid question, every single person in the world knows who is stealing the money. It starts at the top all the way down to the lowest, and then Carrie's on by the man in the street
So the CEO of Eskom (De Ruyter) who is the guy at the top, is the one stealing the money?
@@angrysocialjusticewarrior don't be silly, he is white
I wonder how many homes could have been given solar geysers with that money. That would have been a good start to relieving the grid.
Many tax payers do not pay they bridges so this money is directly paying for their Electric gysers
Credit is due to you for presenting this so well, well done 👏
We have huge coal reserves, but they still burn diesel
this is a question voters need to ask themselves
they doing away with coal in attempt to privatise the asset. this has been going on just to privatise Eskom, they are painting a picture that Eskom does not need bail out anymore but sell it
All this money could have been spent on nuclear foreign expertise and contractors to build nuclear power stations, and sort this out once and for all. We wouldn't even have to buy and import the uranium, there is a large reserve in this country.
I am flabbergasted that in more than 25 years in power, this ANC led government never had a contingency plan. Coal power stations have been out of fashion since the 70s...There is a number of contingency plans that could have been implemented, Nuclear, Hydro, modernized fossil fuel stations...This is just reckless incompetence. Some government officials should be prosecuted...and convicted.
You don’t have to reinvent the wheel. Just look at how other countries with a successful energy system operate and copy their business model.
Not even that. Ask the managers from pre-1994 how they produced the cheapest elec in the world and contribute to the fiscus. They will tell you...
@@francoisbezuidenhout4638 Cheap labour with no unions and only having to provide for 15% of the population. In South Africa it’s a fine line between nostalgia and shame.
@@TheAppleLoadout it is always a good principle of any business to manufacture a product at the lowest cost possible and getting paid for the product you supply to the consumer. SAB vs Eskom. It is also not ideal that a few people work at a certain salary level when there is an oversupply of labour standing at almost 40% unemployment and rising.What has been achieved?
Eye-opening to see the downward trajectory of Eskom's financial state; keep shedding light on their incompetency, and hopefully they will be held accountable before it gets much worse.
Liability is an understatement
We are have around the 8th largest coal reserves in the world and we using diesel wtf
Not getting the point here. The coal burning power stations are broken.
With all those billions.. Y didn't the government buy nuclear power instead
Who will maintain it, they cant even maintain a simple power plant...
The reality is Eskom will never be out of debt and operate efficiently even if it was privatized in fact it ill even cause more problems in creating inequality in terms of providing this basic need. The real problem is the illegal connections that causes Eskom not to collect enough revenue. For as long the ANC is in power we are riding a wave to being like Zimbabwe and other African countries.
@Old School Raver no, it must not. All that needs to happen is for the corrupt to be held accountable, and capable honourable people to be employed.
This personal attack was unwarranted and a lot racist, all black people don't vote ANC fist of all second the man have a good piont pls read again and come up with something constructive time for division is over pls sir
@Old School Raver do you even know who he voted for? What about your fathers, what part in the destruction of SA did they play? Stop attacking fellow South Africans and start fighting the real enemy.
that's a point...illegal connections which is caused by overcrowding in the country that leads to ANC borrowing money to patch up the blackouts but as corrupt and greedy as they are they chow half of those loans, stupid greedy pigs.......remove all those at the top, all together! we seriously need change
@@thembekilefono3126 thank you Mr Fino....well said
Call back the "incompetent corrupt" Koko & Bryan to show us how they incompetently reduced load shedding.
No need to look anywhere else than in the pockets of the comrades.
Government needs to cancel ALL salary increases for supervisors and above, cancel credit cards that management gets and STOP employees from not paying their electricity (should have garnishing orders against their salaries, and should be treated like any other payer.
Is anyone talking about the cabal who want to split Eskom into 3 entities? Can anyone talk about AREP? Patrice, Ramaphosa, Radebe and state capture of electrical power?
Thank u some one with sense it's all a plot to make Eskom look bad so Patrice and his family can take over with this new renewable energy rubbish (renewable energy costs a hell of alot more money then coal)
Thank you guys for seeing this and some media is supporting this president and they'll soon be crying on what is coming up
When you are overstaffed by 2 thirds?😂😂😂😂
Biggest liability? No electricity - no civilization.
It's time to sell Eskom and bring in a team of foreign energy experts and CEO...Sell it to Elon Musk for 1 Rand and all its debts, and let him restructure this mess and make it profitable. We can't pour in 60 billion rands of Taxpayers bailout money into a sinking ship.
Elon had all the ideas but goverment showed him the door , saying he'll just waiste money on his stupid ideas. Who's waisting money now
Some huge corruption going on here
People that steal government funds need to get a life sentence.
How many millions is tolen just from tutuka from 4 people.Not even to talk about Kusile and many others contractors inflate price to pay kickbacks to staff.its a no brainer.
🤣🤣 ..."between 2008 and 2009" - screen shows 2019... and then..."a hundred and thirty two billion, point seven"... Then the graph with the green and purple lines - the Y axis figures show increments in M, which for me indicates Million - shouldn't that B for Billion ?? omw it's comedy half hour all over the place. 🤣🤣
Thats because millions of people are not paying for their electricity.
Think there must be different electricity providers other then eskom. They are crap
The guy is trying to give eskom credit because he probably has some buddies who work there
if 2 workers were stealing 100 million fuel a month go figure what happened to the money.
I know a lady that is in a managerial position at Eskom. All Managers have a credit card worth R30 000 for spending each month, apart from their salary. Wonder what the fats cats get for spending
Probably double that......im so over eskom!
They must outsource Eskom to each province and then each province do their own thing. Cause here by us in the Eastern Cape reside the best engineers period. Thing running a power plant at province level will bring us better future.
This is a sinking ship...a train wreck.
Imagine if Eskom invested R10 million in crypto shiba last August 2020. Sold it August this year it could have solved some problems for them. #Shiba army
And yet again the world will be funding electricity to South Africa I hear. Not sure if I as taxpayer will have to pay the loan (depending on the arrangement) .. but whatever the case.. PLEASE appoint an international rep. to keep an hawk's eye on the funds, also afterwards for maintenance. Pay his/her office a billion rand etc. to audit. It will be worth it.
Enough is enough ANC your time is over
We are heading to zim state this way
Yet people are still convinced that this ANC will save SA😭😭😭😭
The bailout money is in the accounts of the anc cadres!😂😂😂
Yes yes ANC, your voters are starting to see your incompetency ahahahah
SaBotage!!!!
Can we keep on blaming the Guptas for these 😂😂😂
Ask Brian koko and dikkop.
My goodness what next... what do you think happened to SA s money ...who is this guy trying to protect them ... maybe somebody must check what happened to all the diesel
How many did Guptas take.start making a list of the amount that corrupt tenders and staff has scored.youl be shocked
Propaganda to prepare the public Fr the destruction of eskom
What's funny about all this is majority of people can't even see, because they choose to outsource their thinking to the media. Sad sad indeed.
ROFL! Getting the numbers so wrong. Worse than Zuma
The money is in the political connection and BEE contractors banks
BEeeeee plain crap just a faster way to steal
Eskom’s debt will ultimately result in South Africa defaulting.
Current situation is beyond money matters. It's about support. The biggest problem with eskom is that the people that's currently running it think they are so powerful that they can run it successfully without necessary support. They wrong. Zuma and his people are better off running eskom than cyril and his people. Cyril has the money, but he doesn't have enough support to maintain all the chaos in eskom so whoever gets appointed in eskom is destined to fail because the platform itself is not favorable to work... Zuma didn't like Gordan, but he re instated him as a finance minister when he realized that he has the support, that was a concescion he had to make... No one is an exception to this. You can be the best person for the job but without support you doomed, you set for failure
That’s an interesting outlook.
Heidi is for the BBC.
Stolen, eaten and in the sewerage
Just another failed ANC project... Thanks ENCA for a good report.. Lay it in front of this wonderful goverment everybody wanted...
In debt to who?
In the pockets of ANC comrades.
We get what we deserve...we kept voting for these clowns, and they kept the circus running.
Why why why
Maybe only commiting violence against these leaders would be the only solution? They need to feel pain, they are not in touch with working class.
It covers the salaries.
Eskom is stupid. Over billion house have been build the past decade how did the make up for that. Its like using 12 light bulbs on a 5v battery.... see where im going no need to explain electrical engineers will understand
Protest is the answer
Pathetic leadership..
Do we own China and what are the consequences?
Our real creditors are sitting in the WEST my dear, that is where most of our money and resources have been going for centuries. Still is.
NO, China is ruling us and the NWO as the ANC is too weak to stand up to lenders.
Why are the former CEOs not charged? This government must show us they are seriou about crime. Is white collar crime not crime? When it comes to their own, this ANC government moves at 🐌 pace in dealing with crime.
When ANC took over.Eskom was awarded for the best electricity supplier in the world now you come with white collar crime.wake up.
The whole ANCorruption is grazing from the trough like hungry pigs
A wo derdul Zuma project.. And where is he.. Guarded by guards and idiot that shout hands of Zuma.. The one who put us all in this predicament.. What a wonder country... So much better hey... But let's vote for them again, this is mos what everybody wants.. Dont complain..
I think even if government can bailout Eskom with R100 Trillion. It will still be fine. Government is the one causing Eskom to loss money and is Government that must repay that money. You talk of Tax payers.
Tax payers keeps on voting for same Government that is costing Eskom meaning they are very happy with all these things.
Why do you complain when people who causes all these do not complain.
If SA was like USA where you have to pay your own taxes instead of your employer doing it for you 💩 i would never ever have paid a dime to these crooks
Why you didn't break down the numbers down? Clearly you want to push the narrative that it was JZ who messed up
Give me some credit too please. I have 58 speeding traffic fines totaling 75,000 rands but I did pay 3 fines this year to reduce my fines to 71,000 rands.
Time for the private sector to start making a move! off the grid solar is the way
Solar will never power real industry. We need nuclear power to stabilize the power grid. Solar is way too expensive and not stable enough. Great idea to install at your home though.
@@Alias-gy3tz Zuma was busy with nuclear, Brian and Koko showed this. But where are they now, it very sad that people are outsourcing their thinking to the media. The way this green energy source is been push shows there is more to this than they are letting on.
Remember the two weeks GUPTA wedding in India? That is where much of the bailout went.😭
Free electricity must go to elderly above 70s
Not to every1
The market will be very favorable now due to the rapid growth of Bitcoin which is 66k, The Rich won't disclose it, so don't be fooled, it's right time to invest, Christmas is on the way 🌲
I agree.
What do you think is the best thing to invest in?
@@mikesrenders356 predictions for Christmas 🎅Bitcoin will be $85k 🇱🇷 and Joe Biden will no longer be president so because of the economic crisis and the rate of unemployment, now is the best time to invest and make money 💯
Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today.
Don't be fooled,the Rich are in CRYPTO and they are buying everything
Most intelligent words I've heard.
Daniel 2v39 LOWER KINGDOM/black African is coming to POWER across the EARTH dont panic
Dear Grant, sorry, but your theology is totally wrong. Daniel 2 has nothing to do with South Africa. Scripture must always be interpreted in context.
@@gideon5223 find yourself a bible school you really need IT, in a space of 3Months you will see millionaires popping like pop corns in 👉 South Africa and the rest of Africa, while you and your WHITE AMERICANS across the EARTH are going down to be POOR
What I know in 2017 Brian Molefe finished load shedding. He was fired for refusing to buy a coal from Glencore for R450 per ton, and chose to buy it from Gupta company ( forgot the name) for R150 per ton. Today with a new White CEO, Eskom buys coal from Glencore R650 per ton with stage 4 load shedding. Until we understand that Guptas were here to provide what white people provide to government but Guptas were cheaper thn white people companies, White Monopoly has been a problem in South Africa
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The coal that made eskoms fleet deplete are you that stupid eskoms fleet after 2016 went from worse to horrible because of that coal they were using fake coal so that they could benefit from it then they had to change it because it was not fit for the coal plants
@@kabelokb2266 🎯🎯
@@francoisbezuidenhout4638 it's always people who go back to things that worked for them that time not thinking for the future I wonder if they are turning a blind eye on the matter that the coal molefe bought was not A grade for the coal plants