Eskom (aka we want mo' money) load shedding - here we go again!

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Marius Schrenk
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Re: Eskom (aka we want mo' money) load shedding - here we go again!

Unread post by Marius Schrenk » Tue Feb 12, 2019 4:46 pm

SlowApproach wrote:
Tue Feb 12, 2019 1:18 pm
Wonko the Sane wrote:
Tue Feb 12, 2019 1:05 pm
Just over 1 Bar/month for his "excellent work done to date..."

Flippit! It's a good thing he's been doing such "excellent work to date" then...

Imagine what k@k we'd be in if he had been doing "poor work to date" :lol: :lol: :lol:
=D> =D> :lol: :lol: Would any intelligent guy that can remotely understand a financial statement be willing to take the job ?? Only if you have guarantees you would walk out rich whatever your "excellence" :idea: :twisted: every month he can "survive"is one step closer to the "richness" :roll: The part time colonel almost walked away with a "pension" of R32 mil after 18 months......damned Guptas robbed him of the opportunity. :(
Politics attracts crooks and lawyers,most of the time its the same person.
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Re: Eskom (aka we want mo' money) load shedding - here we go again!

Unread post by heinrich » Tue Feb 12, 2019 4:55 pm

Jack Welles wrote:
Tue Feb 12, 2019 2:55 pm
Here's a sensible analysis of the Eskom mess -
https://www.wits.ac.za/news/latest-news ... hreat.html
Snip from that article:

Eskom has two major problems. Its operating costs are too high and it can’t pay its debt. It owes over R400 billion and does not generate enough cash to pay even the interest on its debt. It’s reached the end of the road.

Eskom has been getting steep tariff increases in recent years but these have driven some customers off-grid and shut others down. Eskom’s sales have been declining by about 1% per annum. The less it sells, the higher the tariff it wants, and the less it sells – the utility death spiral.
I personally think Eskom's "fix" will be via the taxpayer...they're too big to fail apparently. :| :|
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Re: Eskom (aka we want mo' money) load shedding - here we go again!

Unread post by Jack Welles » Wed Feb 13, 2019 7:30 am

heinrich wrote:
Tue Feb 12, 2019 4:55 pm
Eskom has two major problems. Its operating costs are too high and it can’t pay its debt. It owes over R400 billion and does not generate enough cash to pay even the interest on its debt. It’s reached the end of the road.

Eskom has been getting steep tariff increases in recent years but these have driven some customers off-grid and shut others down. Eskom’s sales have been declining by about 1% per annum. The less it sells, the higher the tariff it wants, and the less it sells – the utility death spiral.
I personally think Eskom's "fix" will be via the taxpayer...they're too big to fail apparently. :| :|
Well, that's a given in the sense that the fiscus will have to take on the debt in order to stabilise the balance sheet before it's divided into three separate entities. And clearly it's too important to be allowed to fail (in the sense of stop operating): it's really the only provider of electricity in the country.

To my mind the real problem is going to be the trade unions and the Govt's willingness to take them on. The trade unions three red lines happen to coincide perfectly with whats needed to fix Eskom: retrench staff, raise tariffs and bring in private electricity generation.

But realpolitik rules and that can only be worked on after the election. It would be silly to expect anything else.
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https://www.amazon.com/Jack-Welles/e/B073VJQTTX
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Re: Eskom (aka we want mo' money) load shedding - here we go again!

Unread post by heinrich » Wed Feb 13, 2019 9:27 am

Placing the party beforre the people Marius. That's simply the way things work. As Jack says, whether they can afford to wait or not, it's not the way they operate. Not unique to SA, look at how the Tories "handle" the Brexit negotiations. IMO same thing.
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Re: Eskom (aka we want mo' money) load shedding - here we go again!

Unread post by rainier » Wed Feb 13, 2019 9:50 am

heinrich wrote:
Wed Feb 13, 2019 9:27 am
Placing the party beforre the people Marius. That's simply the way things work. As Jack says, whether they can afford to wait or not, it's not the way they operate. Not unique to SA, look at how the Tories "handle" the Brexit negotiations. IMO same thing.
True. If the Government would really understand how serious this is they would have acted long ago when it was still possible to fix it.
I really cannot see how this can be repaired now - it is just far too late. You would have to get rid of a major part of the current work force, somehow find enough qualified and motivated people to perform the critical technical jobs, somehow get rid of that debt and get back to a lean a mean operation that it pretty much once was.
There is so much not right you can't just send out a memo to the huge staff complement that things are now completely different.

It would be easier to just shut the whole thing down, then change and restart it. Then do what other countries have done - split the whole mess into privately operated ventures. Then it's a simple case of sink or swim. If you can run a tight efficient ship then you make it. If you can't your more successful competitor eats you. Sure - it's not perfect - but that is still the best model.
Of course I understand that will never happen. Even splitting Eskom into three parts is mostly wasted effort - but it does open up third party, private energy supply as the generation side of Eskom is now split from the vital transmission side. Since our dear leader has large investments in alternative energy sources - perhaps one can join the dots here ?
Who said the sky is the limit ? I think not.
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Re: Eskom (aka we want mo' money) load shedding - here we go again!

Unread post by Jack Welles » Wed Feb 13, 2019 2:24 pm

rainier wrote:
Wed Feb 13, 2019 9:50 am
If the Government would really understand how serious this is they would have acted long ago when it was still possible to fix it.
I really cannot see how this can be repaired now - it is just far too late.
I realise this is a matter of opinion but do think that with the current strategic plan, the political will and a lot of money it can be sorted. Only time will tell as to who is right, of course.
Even splitting Eskom into three parts is mostly wasted effort - but it does open up third party, private energy supply as the generation side of Eskom is now split from the vital transmission side. Since our dear leader has large investments in alternative energy sources - perhaps one can join the dots here ?
:D never thought you were one for conspiracy theories, rainier? :D

Anyway Slick Cyril says otherwise ...
https://www.fin24.com/Economy/Eskom/ram ... s-20180822
Jack Welles (thriller_author pen name)
https://www.amazon.com/Jack-Welles/e/B073VJQTTX
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http://www.loreofnegotiation.com
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Re: Eskom (aka we want mo' money) load shedding - here we go again!

Unread post by heinrich » Wed Feb 13, 2019 3:01 pm

Jack Welles wrote:
Wed Feb 13, 2019 2:24 pm
rainier wrote:
Wed Feb 13, 2019 9:50 am
If the Government would really understand how serious this is they would have acted long ago when it was still possible to fix it.
I really cannot see how this can be repaired now - it is just far too late.
I realise this is a matter of opinion but do think that with the current strategic plan, the political will and a lot of money it can be sorted. Only time will tell as to who is right, of course.
Even splitting Eskom into three parts is mostly wasted effort - but it does open up third party, private energy supply as the generation side of Eskom is now split from the vital transmission side. Since our dear leader has large investments in alternative energy sources - perhaps one can join the dots here ?
:D never thought you were one for conspiracy theories, rainier? :D

Anyway Slick Cyril says otherwise ...
https://www.fin24.com/Economy/Eskom/ram ... s-20180822
Not sure if the "the political will" exists to be honest :? As you say, it's a matter of opinion.

The unions het hulle al te lank aan die knolle beet....
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Re: Eskom (aka we want mo' money) load shedding - here we go again!

Unread post by rainier » Thu Feb 14, 2019 10:57 am

Jack Welles wrote:
Wed Feb 13, 2019 2:24 pm
:D never thought you were one for conspiracy theories, rainier? :D

Generally not but given our recent history we know that behind every bush there is something you did not know. There are a lot of bushes and it seems every one of them is hiding something not really that well - so many things are popping out of the bushes now - what should one believe now with any hope of accuracy ?
Who said the sky is the limit ? I think not.
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Re: Eskom (aka we want mo' money) load shedding - here we go again!

Unread post by B.hawker » Thu Feb 14, 2019 11:07 am

This is really worth watching:
https://youtu.be/AzoGDcHS8ZQ
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Re: Eskom (aka we want mo' money) load shedding - here we go again!

Unread post by Jack Welles » Thu Feb 14, 2019 11:28 am

rainier wrote:
Thu Feb 14, 2019 10:57 am
Jack Welles wrote:
Wed Feb 13, 2019 2:24 pm
:D never thought you were one for conspiracy theories, rainier? :D
Generally not but given our recent history we know that behind every bush there is something you did not know. There are a lot of bushes and it seems every one of them is hiding something not really that well - so many things are popping out of the bushes now - what should one believe now with any hope of accuracy ?
Including the conspiracy theories? :lol:

Just kidding around - I agree, it's a mess! :cry:
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Re: Eskom (aka we want mo' money) load shedding - here we go again!

Unread post by F16 » Thu Feb 14, 2019 11:39 am

NO business plan or restructuring can make Escom work. The fundamental problem is the vast majority of its generated power is produced for non paying customers.
Somebody has to pay for all the free electricity 52 million peoples use.
Throw in corruption and mismanagement and the result is obvious.
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Re: Eskom (aka we want mo' money) load shedding - here we go again!

Unread post by Whirly » Thu Feb 14, 2019 12:03 pm

F16 wrote:
Thu Feb 14, 2019 11:39 am
NO business plan or restructuring can make Escom work. The fundamental problem is the vast majority of its generated power is produced for non paying customers.
Somebody has to pay for all the free electricity 52 million peoples use.
Throw in corruption and mismanagement and the result is obvious.
Municipalities are also at fault, they collect (hugely increased) tariffs from their customers and then misappropriate the funds (use your imagination). Escom can't cut the power as the courts won't allow them to as the end users have paid. I don't know the stats but I would wager that most (all?) of the defaulting ones are ANC managed. #-o

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Re: Eskom (aka we want mo' money) load shedding - here we go again!

Unread post by Fransw » Thu Feb 14, 2019 12:28 pm

Whirly wrote:
Thu Feb 14, 2019 12:03 pm
F16 wrote:
Thu Feb 14, 2019 11:39 am
NO business plan or restructuring can make Escom work. The fundamental problem is the vast majority of its generated power is produced for non paying customers.
Somebody has to pay for all the free electricity 52 million peoples use.
Throw in corruption and mismanagement and the result is obvious.
Municipalities are also at fault, they collect (hugely increased) tariffs from their customers and then misappropriate the funds (use your imagination). Escom can't cut the power as the courts won't allow them to as the end users have paid. I don't know the stats but I would wager that most (all?) of the defaulting ones are ANC managed. #-o

Whirly.

Hi W, hoe ry die nuwe Prado vxl diesel? Het hy genoeg krag of nie? :? ..dankie

Thread drift of..
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Re: Eskom (aka we want mo' money) load shedding - here we go again!

Unread post by Iceberg » Thu Feb 14, 2019 12:46 pm

Fransw wrote:
Thu Feb 14, 2019 12:28 pm
Whirly wrote:
Thu Feb 14, 2019 12:03 pm
F16 wrote:
Thu Feb 14, 2019 11:39 am
NO business plan or restructuring can make Escom work. The fundamental problem is the vast majority of its generated power is produced for non paying customers.
Somebody has to pay for all the free electricity 52 million peoples use.
Throw in corruption and mismanagement and the result is obvious.
Municipalities are also at fault, they collect (hugely increased) tariffs from their customers and then misappropriate the funds (use your imagination). Escom can't cut the power as the courts won't allow them to as the end users have paid. I don't know the stats but I would wager that most (all?) of the defaulting ones are ANC managed. #-o

Whirly.

Hi W, hoe ry die nuwe Prado vxl diesel? Het hy genoeg krag of nie? :? ..dankie

Thread drift of..
Kommentaar vanaf iemand wat nie Toyota verkoop nie:
Ek het al 9 jaar een - meer as genoeg krag, ekonomies en natuurlik uiters betroubaar.
Hy sleep gemaklik iets soos 'n Eco 4. Maar ek sleep nie baie nie.
Ek dink nie jy kan verkeerd gaan nie...

Sorry for the drift.....
The sky is not the limit....
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Marius Schrenk
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Re: Eskom (aka we want mo' money) load shedding - here we go again!

Unread post by Marius Schrenk » Thu Feb 14, 2019 1:00 pm

Iceberg wrote:
Thu Feb 14, 2019 12:46 pm
Fransw wrote:
Thu Feb 14, 2019 12:28 pm
Whirly wrote:
Thu Feb 14, 2019 12:03 pm


Municipalities are also at fault, they collect (hugely increased) tariffs from their customers and then misappropriate the funds (use your imagination). Escom can't cut the power as the courts won't allow them to as the end users have paid. I don't know the stats but I would wager that most (all?) of the defaulting ones are ANC managed. #-o

Whirly.

Hi W, hoe ry die nuwe Prado vxl diesel? Het hy genoeg krag of nie? :? ..dankie

Thread drift of..
Kommentaar vanaf iemand wat nie Toyota verkoop nie:
Ek het al 9 jaar een - meer as genoeg krag, ekonomies en natuurlik uiters betroubaar.
Hy sleep gemaklik iets soos 'n Eco 4. Maar ek sleep nie baie nie.
Ek dink nie jy kan verkeerd gaan nie...

Sorry for the drift.....
:lol: :lol: Julle is alby welkom....dis baaaaie minder depressing. :wink:
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