Eskom on the verge of collapse, ANC wants South Africans to pay for it
14 January 2019
The National Regulator of South Africa (Nersa) has kicked off its nationwide public hearings on Eskom’s request for a yearly 15% tariff increase over the next three years. These increases will no doubt have devastating consequences on ordinary South Africans, considering the unaffordable cost of living under Cyril Ramaphosa and the ANC, and the increased number of unemployed people in South Africa.
To add insult to injury, there is still a possibility that South Africa will once again be crippled by rolling blackouts over the coming months. South Africans are clearly being made to pay for the ANC’s inability to fix the power utility. This was evident in the ANC’s manifesto launch over the weekend.
Eskom has become the biggest threat to the country’s financial position, yet the ANC mentioned the utility only once in their manifesto, simply as a throw-away comment as if the country’s financial stability does not hang in the balance.
It is clear that the ANC is not looking at reforming the utility that has for many years been the primary source for looting by the governing party. In fact, the manifesto explores the idea to use private savings, investments and hard-earned pension funds to keep Eskom running, or to keep to looting pot full for now. That means that ordinary South Africans’ pensions and savings could very well be used to settle the dept that Eskom has raked up under the ANC.