Eskom is supposed to serve, not make a profit

27 November 2014 - 02:16 By Tony Ball, Durban
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PILING IT ON: Eskom can generate enough electricity, but the network comes under severe strain during evening peak hours. Implementing daylight saving time would spread the demand.
PILING IT ON: Eskom can generate enough electricity, but the network comes under severe strain during evening peak hours. Implementing daylight saving time would spread the demand.
Image: GALLO IMAGES

Eskom has reported that its profits dropped to R9-billion.

As a layman I am puzzled as to why Eskom has to show a profit.

As a government entity any profits that are made by Eskom should be ploughed back into the business in terms of getting new and maintaining old infrastructure.

But I suspect the management prefers the "profit" scenario so they can eagerly claim big bonuses for ostensibly doing a great job.

I trust the staff in charge of debt collection are not eligible for any form of bonus.

Businesses in South Africa are collectively losing millions, thanks to this inept organisation.

I suggest that the major large companies withhold all company taxes until the government puts its house in order in the fields of electricity and security.

The government would be powerless to take action against this collective process and it would send a message that business has had enough of what is best described as a circus.

Johann Rupert has already alluded to this.

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