Insurers are some of the most profitable companies in any country. Limiting risk and protecting their margins by repudiating claims comes with the territory. We all know of someone whose are claims repudiated or adjusted based on some minor infraction. you are over/under insured. It wasn’t declared or itemised, it is not covered under clause…
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Andre De Ruyter is taking flak from all sides. His position is unenviable. He is carrying the can for troubles dating back to 2007 when the then president Mbheki was warned that the country needed to develop more power generation. He made the poor decision to do nothing. The straw to break the camels back…
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2021 was Eskom’s worst performance since inception in terms of number of days of load shedding/reduction. The aging generation plants are sorely in need of maintenance and Kusile and Medupi are still generating nowhere near the capacity they were designed for. It is unlikely they ever will. Ongoing design and construction flaws as well as…
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Like many things related to (mis)government, Eskom has seen spiralling production and productivity despite a severely bloated and blatantly uninspired workforce. Increasing debt and a wage bill far out of kilter with the mechanics of the organisation. It is easy to blame de Ruyter for these chain of events, but they were a long time…
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Eskom is the gift that keeps on giving. You probably are not enjoying the gift you are getting but unless you are planning to counter excessive inflationary electricity increases, continual load shedding, loss of production and the list goes on…..you really need to plan on being able to sustain your home or business through the…
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Some positives have come out of this sector recently. Eskom managed to bring down it’s (our) debt by some R80 billion, Cyril (I’m shocked) Ramaphosa has announced that industry can build up to 100MW plants without going through the 6 year approval process from NERSA. That is quite a dramatic turn of events for two…
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Numbed is probably how Saffers are feeling. Between Covid and Eskom media coverage, do you even bother to read the content anymore? Worn out over the ongoing barrage of bad news, how much value is more bad news on top of the heap. In keeping with the overload (pun intended) here are links to 2…
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