Eine aktualisierte Chronologie von ESKOMs und des Staates Quadratur des Kreises beim Umgang mit 400 Milliarden ZAR Schulden

mg.co.za/business/20...asury-cant-vanquish/
Eskom: The fiscal monster the treasury can’t vanquish

"............ In an interview with the Mail & Guardian, Sachs pointed to policy failures as being at the heart of the Eskom crisis.
............. “where the public sector creates assets with a value below their cost of production, society will be saddled with servicing the liabilities that result”....
..... From Eskom’s point of view, Sachs explained in the interview, tariffs have been below the utility’s cost of production for 30 years — and the R400 billion that built up on its balance sheet was what it ought to have received to cover its costs of production.
“The problem is, when you think about tariffs, some will say that tariffs must cover the cost of production. But then other people will say that the problem is not that the tariffs are too low, but that the cost of production is too high and that you have an inefficient state-owned company that is producing at high costs. Of course, there is a bit of both,” he noted.
... Eskom, which must raise revenues from tariffs the utility contends are too low, as well as provide electricity to a consumer-base that can’t afford to pay. When the government does not subsidise operations that don’t generate a commercial return, spending pressures build up, threatening to create a risk to the fiscus. When fiscal risk ultimately materialises, the state is forced to respond with a bailout....."

Und die gleichen Doppelmühlen laufen bei anderen SOEs

Stage 6 ist zurück ...



Gruß Gina

gestern hat Eskom ihren Jahresbericht für das Finanzjahr 22/23 veröffentlicht

die "highlights":
Revenue increased to R259.5 billion due to 9.61% tariff increase, however negated by a 5% decline in sales volumes
Decline in EBITDA by R14.9 billion, from R53 billion in 2022 to R38 billion in 2023
Operating profit significantly declined to R5.6 billion from R20.9 billion.
The net loss after tax increased to R23.9 billion, double from the R11.9 billion incurred in 2022
Open-cycle gas turbines (OCGTs) spent increased twofold to R29.7 billion from R14.7 billion in 2022
Arrear municipal debt remains an area of concern and had accumulated to R58.5 billion by March 2023
Gross debt of R424 billion attracted debt servicing costs of R72 billion comprising capital repayments of R39 billion and interest payments of R33 billion
R21.9 billion equity support was received from the shareholder
The energy availability factor (EAF) continued to deteriorate, reaching a low of 56.03% from 62.02% in 2022, resulting in 280 days of loadshedding
Generation unplanned maintenance was at 31.92% (2022: 25.35%), however, planned maintenance remained acceptable at 10.39%
Kusile Unit 4 achieved commercial operation on 31 May 2022
Transmission network performance declined while Distribution network continued to achieve good performance
www.eskom.co.za/esko...2-23-financial-year/

Gruß Gina

also business as usual:
ESKOM verbrennt Kohle,
was sonst?

Eskom Hld SOC Ltd
2 Std.
·
#POWERALERT1
Loadshedding will be increased to Stage 6 from 12:00 until 05:00 on Monday.

Gruß Gina

was sonst?
heißt ja Black Friday