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