From receiving this International award in 2001:
Power company of the year: 2001
In 2001, Eskom was named the Financial Times Power Company of the Year at the Global Energy Awards Ceremony in New York.
It was described as "providing the world’s lowest-cost electricity, while at the same time making superior technological innovations, increasing transmission system reliability, and developing economic, efficient and safe methods for combustion of low-grade coal."
In 2005 Reuel Khoza, chairperson of the Eskom board, said one of the many factors that made the company successful was its commitment to good corporate governance – it wasn't shackled by "a regime of crippling debt or unsustainable subsidies from government".
to this:
Cripping debt: 2019
Today its debt levels of R430bn represent about 15% of the state’s total debt, debt from municipalities are growing by R1bn per month, and its wage bill has exploded from R9.5bn annually in 2007 to R29.5bn in 2018.
There has been a "significant loss of critical skills", with "poor quality of maintenance" and "poor workmanship" causing breakdowns, of which 40% is due to human error, according to Gordhan.
The company is suffering from "systemic corruption, malfeasance, fraud and state capture" that has "compromised the credibility of the organisation and eroded investor confidence", Gordhan added.
Eskom has a total installed electricity capacity of more than 45 000 MW.
On Tuesday, it could only generate capacity of 27 000 MW against a demand of 30 000 MW.
Original source here:
https://www.fin24.com/Economy/1922-2019-the-rise-and-fall-of-eskom-20190213
Sad
No wonder I get so mad.
I know CRT. So I stick with that..........
I do my Technical job PROPERLY....
Now think:
Thousands of unqualified people running huge power plants.
Breaking everything they touch cause they know NOTHING.
..............................................................