Eskom’s Survival Depends on Debt Relief and Tariffs, CEO Says
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- Опубликовано: 6 фев 2023
- Eskom Holdings SOC Ltd. needs debt relief in combination with tariff increases to survive, said the outgoing Chief Executive Officer Andre de Ruyter, who has led the utility for three years as South Africa’s power outages have intensified largely due to unreliable coal-fired power plants. He speaks with Bloomberg's Jennifer Zabasajja on "Bloomberg Markets: Europe."
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Andre, if we get rid of Mantashe (just bribe him) can you please stay?
De Ruyter did an excellent job with what he had to contend ie no help at all from the powers above
He was being a patriotic SAfrican when he raised his hand to steer that ship, wasn’t for the money as the guy took a huge salary cut from working corporate to govt.
It’s a shame some people don’t see how ethical he was and that’s why he was forced out, he is not one of the corrupt ones on a gravy train
You obviously don’t live in South Africa bro. All these mu’fu*kers are useless.
That does not make sense. We had the most loadshedding in history under him. Back when we had competent CEOs in 2015-17 there was barely any loadshedding
@@comfortlee1418 That's pretty straight fwd; if a bank a/c has no money a post-dated cheque will still bounce. This is a problem that has been going on since 1998, why hold him directly accountable.The fact that is worse now just means we've reached a tipping point. The previous CEOs did nothing but do extra coal deals.
@@NickSterson Because that's how it works in the world we live in. We blame the person who is in charge today instead of the person who cause the problem in the past.
Literally the whole country is an example. its lack of Infrastructure is because of pre-1994 but people who are lazy to think will blame the ones in charge today - Eg. Eskom, being designed to cater for a minority
@@karenlang4776 But thats how politics work, we blame the person who is trying/failing to fix the problem. Not focusing on the root cause of the problem, like how did a country miscalculate its energy demand
Same way we do with Inconsistent roads, health care, education, and other infrastructure. We blame everything on the person in charge, while they work on fixing it
Tell South African citizens where the money that they pay to the eskom goes to because we pay and we dont have power so who is stealing the money
Take it with a grain of salt, the man handed in his resignation letter
You have to reslize although he resigned he was forced out but let's not get into semantics the problem still exists and there isn't a lasting solution or plan in place, try living in this country and understanding the politics of this country including lack of action from government and the lack of will, its nice to say what you say in your ignorance, have you got a solution?
We dont hear about the government about the money not paid by their mayors and so on to eskom
70% of ESKOM employees, who earn ridiculous sums of money, compared to other state employed workers, should be fired. It will not make any difference in Eskom's "performance.".. Then the tariffs can stay the same for the next couple of years.
Blackouts would be resolved. Give me 18 months and I will do it. Something along those lines, he said. He said!
He should withdrew his resignation.
The South African government known as the ANC has destroyed South Africa. Please pray for us South Africans and that the ANC falls.
This guy should have resigned with immediate effect, he should have fired a majority of his senior executives at Day One. Private Power won't happen, coz even listed companies don't have the money, who will finance it? Just fix the power stations because we have coal for the next gazillion years and our transition will be in our way and our time. No Power, No Economy. As a South African Electrical Engineer in Energy Efficiency, all I can say is this is a pill of bull. I couldn't even get a job at Eskom, apparently I was over qualified to become an apprentice as a 23 year old who did technology development post education even though I had no prior work experience. These people are sent to destroy Eskom or just stupid.
Eskom does not need a new CEO. And as a matter of fact Eskom and South Africa don't need more money, neither do they need electricity. What they really need right now for things to permanently change is repentance. If you are reading this message just imagine for a moment what you would do after you find yourself walking and feeling uncomfortable because you just happen to have grains of sand in your shoes. You will IMMEDIATELY stop walking and remove those grains of sand from your shoes.
So, to repent means to change your mind and to feel sorry for continuously doing evil. It is a paradox to see that the people who are trying to do good expect their goodness to succeed while at the same time they engage in doing evil. People who want to build and operate power stations but at the same time cheat on their wives or on their husbands, steal money, engage in massive corruption, unscrupulous activities, all kinds of evil and with the most recent one in trying to kill the CEO through poisoning.
All these plethora of evil things enumerated are the grains of sand in Eskom shoes and unless fully and IMMEDIATELY dealt with and removed through an act of true repentance, Eskom and South Africa will NOT walk properly. YOU WILL FALL AND YOU WILL NOT LEAD AGAIN.
Notice how he took 5 minutes to try to say " I suck at my job, this company makes no money, we will only stay a company by a handout, even then we can't make money, so I quit." These people think everyone is stupid and can't translate what they say! So how wealthy is a guy who begs for someone to fix the business he is leaving??? How much is he worth for not being able to do his job?
He is not at fault on Eskom's crisis.. did you know that this CEO was poisoned because he wanted to make the company operates better? There are so many corrupt officials in the South African government who wanted the status quo
@@Prospektism lmao operates? Anyhow you said absolutely nothing to counter my statement. All you said was it wasn't his fault and someone tried to poison him. I know nothing about the guy or company, I just listened to his response and the words that came out.
15 ceo's.... There are issues with the business model or board at that point.
@@karenlang4776 i can do whatever I wish with my words, but these are his words! He said it! You just can't understand why and provide no argument or facts to say otherwise! Just to tell me not to say anything! Lmfao.
@@karenlang4776 exactly! And that is why he is using the words he uses but when said bluntly he means what I wrote. Again you have no point in your comment! No argument for the man! Just, hey don't say that 🤣