‘Eskom will hit the wall at the end of March’ - Ted Blom
Senior energy expert Ted Blom has once again raised concerns about the state of power utility Eskom - especially in 2019.
The senior energy, mining and commodities strategist and tactician is amongst the most open critics of Eskom.
Remember when we experienced regular load shedding back in 2007 and 2008? Blom was one of the few who predicted it before it started to haunt the country.
READ: “Eskom’s corruption has cost SA R1.4 Trillion” - Energy expert, Ted Blom
After Blom’s visit in December 2018, he came back to explain the state of the power utility after South Africa experienced load shedding again in February.
Blom explains that Eskom will have a R20 billion loss at the end of March 2019 which will result in a R60 million loss altogether.
Martin Bester is wanted to know why Eskom has not appointed a committee. Why aren’t they making better decisions?
READ: Energy expert Ted Blom explains corruption at Eskom
Listeners also had pertinent questions regarding the matter and Ted Blom answered them.
‘What does this all mean for tax paying South Africans?’ Asks Martin Bester.
‘I would have thought Eskom would bring back people who have all the experience and knowledge. Unfortunately the current team have very little experience, if any. There will be another crisis before the elections. Before March they will run out of money. Intermitted and unannounced blackouts’ Blom explains.