[WATCH] Yes Eskom has to hike prices to pay its debt, but we're angry, says John

If Eskom cannot pay its debt it will be 'catastrophic' for South Africa, says stresses John, and South Africa will cease to exist as a functional economy.

Eskom needs to make more money out of the electricity it sells because if it does not make more money out of the electricity it sells, it will not be able to pay its debt.

John Maytham, Presenter - CapeTalk

Fixing things takes an incredibly long time, and the pain of the electricity increase is an immediate pain.

John Maytham, Presenter - CapeTalk

And the price hike?

It is entirely understandable that people react with anger. You're asking me to pay more for electricity when you took your eye off the ball?

John Maytham, Presenter - CapeTalk

Watch what John has to say:


This article first appeared on CapeTalk : [WATCH] Yes Eskom has to hike prices to pay its debt, but we're angry, says John


Recommended

by NEWSROOM AI
Read More
Sars office operated with skeleton staff to allow union meeting, says caller

Sars office operated with skeleton staff to allow union meeting, says caller

Senior citizen 'Ruth' called in to the John Maytham show to say a Sars office was depleted after announcement of union meeting.

Why did security fail when CCTV cameras picked up train-fire suspects?

Why did security fail when CCTV cameras picked up train-fire suspects?

EWN's Kaylynn Palm reports on Transport Minister Fikile Mbalula's presser after 18 carriages burnt out at Cape Town Station.

Recreational lobster fishing: 'Brochure two-seasons-old but still applies'

Recreational lobster fishing: 'Brochure two-seasons-old but still applies'

Fisheries Management's Wendy West clarifies questions around the current West Coast rock lobster recreational fishing season.

'Zuma was more loyal to his 'cronies' than to the Constitution'

'Zuma was more loyal to his 'cronies' than to the Constitution'

The Daily Maverick's Marianne Thamm says testimonies at the Zondo commission prove that Zuma never felt bound by the Constitution.

Financial Mail and amaBhungane head to court to obtain Zuma's tax records

Financial Mail and amaBhungane head to court to obtain Zuma's tax records

Financial Mail journalist Warren Thompson explains the motivation for the court application.

CT reverend says refugees need to vacate his church 'for their own safety'

CT reverend says refugees need to vacate his church 'for their own safety'

Reverend Alan Storey says he is not evicting anyone. Instead, he asked them to respectfully leave after several challenging weeks.

Popular articles
[LISTEN] Who is responsible if your car is stolen from a dealership?

[LISTEN] Who is responsible if your car is stolen from a dealership?

Cheryl Modise shares a story of how a Range Rover Evoque she had purchased from a dealership was stolen and recovered.

‘We’re in control. It’ll become apparent in the next few weeks’

‘We’re in control. It’ll become apparent in the next few weeks’

An annoyed Public Enterprises Minister Pravin Gordhan made a surprise call to Bruce Whitfield’s The Money Show on Wednesday.