According to Eskom's CEO, Phakamani Hadebe, what the power utility need is change. Hadebe feels that even a tariff increase of 15% per year for 3 years won't save Eskom unless some changes are made to how it is administered.
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Eskom wants South Africa to pay more for electricity so it can dig itself out of its debt, but the power utility's CEO, Phakamani Hadebe says it won't help.
According to Hadebe, even a yearly increase of 15% for 3 years won't save Eskom. Hadebe says Eskom needs the help of the government.
Eskom has a massive R50 billion debt to somehow recover, according to a report by EWN.
Hadebe says if Eskom continues to be run the way it has, it's going to be in trouble, and added that consumers will have to 'bite the bullet'.
South Africans and Eskom, primarily Eskom, should take those painful decisions.
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Hadebe was speaking at the National Energy Regulator of South Africa (NERSA) public hearings when he said changes are called for.
Civil society organisations and the South African Local Government Association don't like the idea that consumers should keep paying when Eskom doesn't seem to be improving its operations.
Briefly.co.za gathered that NERSA wants to know what actions are taken to get rid of mismanagement and corruption within Eskom.
Even with the investigations, there are enforcement agencies that are responsible for those investigations. And some of them are not concluded, and they’ve told us there’s quite a number of those [unresolved investigations].
Hopefully, Eskom will find a solution and make the necessary changes without choking the wallets of South Africans even more.
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Source: Briefly News