Eskom has announced that they will put a four-point plan in place to get out of their self inflicted mess. They will firstly obtain an 80% increase in electricity through a court order, and secondly they will unbundle the entity.
Third, Eskom will introduce savings measures. However, it is not indicated how and what savings measures will be implemented.
Meanwhile, senior officials of Eskom, who receive between R1.5 and R3 million a year in salary, have announced that they will approach the court to claim back working increases of 4.7%.
Calculations show that it will drive the bankrupt entity out of a further R200 to R300 million.
-Vryburger
