Ted Blom, a senior energy mining and commodities strategist and tactician, has blamed Eskom and the ANC for loadshedding.
Amidst allegations of wasteful and reckless expenditure at Eskom, the country is experiencing sudden and nationwide loadshedding, costing the private sector incalculable damages.
Ted Blom had been heralding a coal shortage since the early 2000’s when he had been a consultant at Eskom. He had called for coal mines to be opened to prevent the shortage and keep the power production in the country stable.
His advice had fallen on deaf ears as not one mine has since been opened to combat the issue. According to Blom, Eskom is blaming problems with wet coal which would not affect the ‘burn ability’ of the fuel.
When asked by Jacaranda’s Martin Bester why Eskom had failed in its task to keep the lights on and the country powered, Blom said:
“ I think its very gross mismanagement, together with the appointment of an incompetent board that has no experience in the industry. The last thing you do when you have a problem and want it fixed up is to appoint people who have no idea of what's going on.”
He accused the ANC of filling available vacancies with members of the party who had no experience in the industry instead of sourcing qualified people from other parties.
“The ruling party is not prepared to look outside of the party for people who know what they are doing,” Blom said.
Blom also said that over-inflated salaries plague the entity with people earning salaries that are 4 times as much as the norm in the industry.
He went on to say that 30 000 of the people employed at Eskom are unnecessary and that culling them from the company could potentially create 3 million more jobs for external individuals.
In it’s desperation to source coal, despite ample warning, Eskom has been reduced to burning substandard coal which results in blasts in furnaces, further impacting production and adding to the loadshedding woes.
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