Eskom’s Brazen Attempt to Suck the Life Out of Consumers
Get ready for the ultimate kick in the teeth: Eskom is begging the government to let them hike electricity prices by a whopping 36%! Because, you know, it’s not like they’re already sucking the life out of South Africans with their outrageous tariffs.
The state-owned power utility claims they need this massive price increase to stay afloat, but let’s be real, it’s just a thinly veiled attempt to line their pockets with more cash. And who gets hurt in the process? You guessed it: consumers and businesses.
Eskom’s debt has ballooned to a staggering R400 billion, and instead of finding ways to actually reduce costs, they’re just passing the buck to us. And what’s the government’s response? Nada. They’re just sitting back and letting Eskom get away with murder.
But hey, it’s not all bad news. Bondholders are rubbing their hands together in glee, knowing that this price hike will boost Eskom’s cash flow. Because, you know, that’s what really matters.
And don’t even get me started on the impact this will have on the economy. Inflation will skyrocket, interest rates will rise, and economic growth will come to a grinding halt. But hey, at least Eskom’s creditors will be happy, right?
So, there you have it. Eskom’s latest scheme to screw over South Africans. Because, you know, they’re just a bunch of benevolent leaders who care deeply about our well-being.
