Eskom. A worrying press statement.

Up on Moneyweb (thanks Mr McLeod for the pointer).

By David Carte
18 Jan 2008 13:24

Eskom will explain itself to the public in a media release next week and until then cannot respond to media enquiries.

That's the word from the office of Bongani Mqwababa, finance director, who this week urged government to close SA to big new industrial projects until 2013 when electricity supply is expected to improve.

That statement amounts to stalling new job generation for another six years.

[continues...]

Hells bells people! Does that mean 2010 out the window? Gautrain? Stadiums? Fine way to cause immediate investor panic.

Issued by:


Har. Har. (The press statement is real though!)