ANC Power Failures: Our country cannot be held ransom by the Guptas again
7 December 2018
Reports today once again revealed the depth of State Capture in Eskom and its complete inability to provide power to South Africans. These reports suggest the reason for our current spout of power failures are due to Eskom having diverted its 2015/2016 maintenance funds to pay Gupta owned firms (Tegeta, Mckinsey and Trillian). Hundreds of millions of rands were moved from Eskom’s vital plant upkeep budget, and diverted to Gupta owned mining company Tegeta.
To add insult to injury, these millions were paid to the Guptas for coal that Eskom has allegedly never received.
Worse, what would have cost the South African tax payer R2 billion in maintenance fees 3 years ago, has now ballooned to R11.5 billion in upkeep costs for power plants that are completely in-operational. Eskom has also forked out an additional R200 million to pay PetroSA for emergency diesel it needed for the winter months of June to October 2018.
South Africans are now literally paying the price of the ANC’s project of State Capture.