Nothing left to say

Here is a bit of interesting news that came across my desk this week.

You might be aware of this, but for those readers who are not, this is the current situation with our power supply company, Eskom.

Apparently, the National Energy Regulator (Nersa) has approved the R32,69billion Regulatory Clearing Account (RCA) application made by Eskom in a bid to recover funds lost during the 2014/ 15 and 2016/ 17 financial years.

Eskom is now facing financial challenges and has therefore applied for a tariff hike in an effort to boost its income.

The original application was for R66,6billion from Nersa, but only R32,69billion has been granted. This money will serve to cover the financial loss of what has come to be known as ‘the Gupta years’.

But, Eskom is now also facing protest action after saying that it was unable to offer salary increases.

So, the Minister of Public Enterprises, Pravin Gordhan, Eskom Board Members and departmental officials had a meeting with leaders from the Congress of South African Trade Unions (Cosatu) where Gordhan gave his word that Eskom would not come back to the wage negotiation table with their current offer of a zero per cent increase.

Gordhan then agreed to the meeting to understand the concerns of organised labour about the wage dispute. The concerns expressed included the manner in which the wage negotiations had been conducted and the zero per cent wage offer.

This was the latest information published by Lucinda Dordley on 15 June on the capetownetc.com website:

(https://www.capetownetc.com/news/nersa-grants-recovery-funds-for-eskom/).

To sum this up, and it is only my opinion, the government (also meaning the Guptas) defrauded the country out of billions of Rand and we (the consumers) have to pay them back. Makes sense?

I will leave it there because there is nothing left to say.

Until next week, take care of one another.