African National Congress member, Senzo Mchunu, blames black managers for the current financial crisis that Eskom finds itself in. He said these managers became “excellent in failure and looting”.
Eskom is facing its possible end, as it is technically bankrupt and could in its current state possibly completely fail by April 2019.
Senzo Mchunu, ANC national executive committee member, says that there will be regret over some of the black managers who were called people of excellence.
What has happened in most of the parastatals is that those people whom we trusted, who are indeed black managers proved to be fake. They became excellent in failure and looting.
These harsh remarks came after the recent load shedding increase that has been endured all over South Africa.
President Ramaphosa is holding on to hope, however, and announced his plans to save the failing power utility.
We reported that the president said that he would meet more closely with stakeholders, as well as fix systemic flaws in the energy-provision system.
Ramaphosa also plans to separate Eskom into three entities and this is intended to restore credibility to the failing SOE and help turn it around.
Less than a week ago, the ANC also announced that it fears sabotage at Eskom, perhaps this is what got Mchunu to blame the managers.
The ruling party has released a statement hinting at ‘signs of sabotage’ at Eskom. Spokesperson for the ANC, Zizi Kodwa, has questioned whether the entity was telling the entire truth over the cause for the nationwide blackouts.
On the day of the #CosatuNationalStrike calling for an end to job losses, among other things, news emerges that "insolvent by April" #Eskom has a current payroll of R29.5bn p/a for its 48 000 workers. It's up from 32 000 employees at R9.5bn p/a in 2007. pic.twitter.com/uExvsUv16k
— Michael (@TheMikeAppel) February 13, 2019