So, Eskom want to request an increase of 17.1% for 2019/20, then 15.4% for 2020/21 and 15.5% for 2021/22
Eskom's projected financial loss for 2018/19 is just about to hit the R20 Billion mark, when initial estimations were losses of R15 Billion
Eskom are currently sitting R420 Billion in debt, because of declining revenue, and I also reckon electricity theft is a major contributor here, but they never go actively into the townships to locate the offenders.
How it is possible that any country allows an organization such as this, to fall so far into debt?
All they ever want to do is pass the loss onto the consumer by increasing their costs every year.
Surely this is the best possible example of how bad this country is going down hill.
Let's not even go into SAA which needs R5 Billion just to get out of business rescue...……
Why has nobody ever been held accountable for this?