The thing is I am not comfortable with this situation, of course Eskom is of HUGE importance to the South African people but if it were run properly and not interfered with in the first place by ANC cronyism we would not this loan, we would not need the President of our country “begging” for this loan.
We have to read between the lines, we ALWAYS have to read between the lines.
This loan will still have to be repaid, by the South African taxpayer. The reason the money is required from them in the first place is because the government can’t afford to give it to them.
What we really have to watch out for is massive hikes and this loan going through, becuase if Eskom does not turn itself around dramatically this debt will swallow Eskom and we as the public will suffer through hikes and not enought electricity production.
I suggest everyone does their bit to reduce consumption now – VISIT US AT URBAN SOLAR
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