Wednesday, February 17, 2010

Will ANC benefit from Eskom price hikes?

It has come to light that the ANC has a R5.7 billion ($760m) share in a new deal to supply Eskom with boilers for new power stations needed to supply electricity to South Africa.

On this issue the leader of the ACDP, Kenneth Meshoe, asked South African president, Jacob Zuma if it was indeed true that the ANC had such a share in the Eskom deal.

If this is indeed true, then it is clear that it is a conflict of interest for the ANC to be involved in this deal, and that it would be impossible for the ANC to make a decision that would actually benefit the country's electricity users in the face of Eskom's request from Nersa that they be allowed to hike electricity fees at 35% per annum for the next three years. Why would the ANC oppose such a price hike, since they would be the beneficiaries of huge sums of money?

It is clear to me that the ANC is in it to make money from the South African public and is riding this ill-conceived knight in shining armour, saviour of the masses horse to death before the masses, if ever, find out that the ANC is an immoral organization hard at work lining their own pockets with loads of cash.

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