🇿🇦 Patrice Motsepe and why you have blackouts or loadshedding
Motsepe is Ramaphosa’s brother in law
In 2009 Patrice Motsepe said electricity was too cheap and that was preventing independent power producers from entering the South African market.
16years later electricity has gone up by over 600% and Mr Motsepe owns over 50% of the independent power stations
#Loadshedding
TIMELINE- THE RISE OF IPPs in SOUTH AFRICA.
▫️2008 Brian Dames became the chief officer of Eskom Generation.
▫️2009 Patrice Motsepe says Eskom electricity is too cheap and that was preventing independent power producers.
▫️2010 Brain Dames became CEO of Eskom.
▫️ 2011 first bid window for solar and wind projects to be funded by eskom.
▫️2012 Globeleq established HQ in Cape Town. Globeleq is the leading IPP company in Africa and is owned by the UK government.
▫️2012 Cyril Ramaphosa returns to frontline politics and is elected deputy president of the ANC.
▫️2014: 121 hours of load shedding recorded.
▫️ March 2014 Brian Dames resigns from Eskom
▫️Sept 2014 Brian Dames joins African Rainbow Minerals and Energy owned by Patrice Motsepe.
▫️ Dec 2014 Cyril Ramaphosa assigned to oversee the turnaround of Eskom in what was labelled the “war room.”
▫️2015 : 858 hours of load shedding
▫️ 2017: Cyril Ramaphosa wins ANC conference.
▫️ 2018: Cyril Ramaphosa becomes president of South Africa.
🔑 Pravin Gordhan appointed minister of Public Enterprises- overseeing Eskom.
▫️2018: 127 hours of load shedding
▫️2019: 528 hours of load shedding
▫️2020: 859 hours of load shedding
▫️2021: 1099 hours of load shedding
▫️2021: IPP bid window 5
▫️ 2021 Ikamva Consortium - secured 12 of the 25 projects on offer.
🔑 info : The Ikamva Consortium includes Oslo-listed Aker Horizon's Mainstream, South African billionaire Patrice Motsepe's Africa Rainbow Energy & Power, local firm H1 Holdings and Globeleq, which the development finance institutions of Britain and Norway owns.
▫️2022 The National Energy Regulator of South Africa (Nersa) has awarded an electricity trading license to Remgro’s The Energy Exchange. Remgro is owned by Johann Rupert.
▫️2023: R41 billion spent by Eskom on IPPs which represents 27% of expenditure. Ipp’s only generated 8% of the power in 2023.
🔑 info: Between 1988 and 2007, electricity tariffs increased by 223%, whilst inflation over this period was 335%.
‼️From the 2008 there was a clear and sharp inflection point for electricity tariffs in South Africa. ‼️‼️‼️‼️
From 2008 to 2022, electricity tariffs increased by 653%, whilst inflation over this period was 129%. Thus, electricity tariffs increased four-fold (or quadrupled) in real money terms in 14 years.
“Connect the dots”...‼️
A human being was not placed upon the Earth merely to be born, suffer, and disappear. Life is a journey with a beginning, a season of growth, a season of wisdom, and eventually a return. When the soul has reached the end of its earthly journey, it should depart peacefully, like a person entering a deep sleep. The greatest tragedy is not that death exists, but that human beings have created so many ways for one another to leave this world before their journey is complete.🍃🫶🏽
@eNCA The ANC has had too many chances. It is utterly corrupt and completely incompetent. It can no longer be trusted. As was the case of the NP in the 1990’s, the positive future of SA is now dependent on the fall of the ANC and its exclusion from Government.
We viewed this 2022 Golf GTi with 82542km.
This is a Lemon 🍋 going for 399k
This vehicle had major front impact with terrible repairs, all the electronic faults you can think of are found on this vehicle, the sunroof, wipers, parking brake do not work, the windshield needs to be replaced, it’s missing all the tools( triangle, wheel spanner…) it doesn’t have a sparewheel, all the front panels on this vehicle were repaired, you can even see the tyres from the engine bay because the fender liners were not installed on the vehicle, the front bumper slides are no where to be found so the front bumper is hanging on by grace.
We were skeptical and concerned about the test drive and guess what happened? we got stopped by JMPD and they had colourful things to say about the licence disc, for its condition how it looks it sure does drive well and the engine and brake perfomance is good.
Now while we understand that this dealership barely does any reckon, they also sell as is and because of that their prices are often low and attractive. Some do get caught because they do not practice their due diligence.
Many may say but nothing wrong if the price is low. Well even if the price is low full disclosure should be a non negotiable. Even more so when advertised on car listing platforms !!! Check our findings vs the advert of the car. NOTHING ABOUT THE DEFECTS.
Ig the defects were disclosed our client wouldn’t have bothered booking us. Now he threw away his money. It’s really unfair what these unscrupulous dealerships are doing.
Should you need an Inspection done on your behalf anywhere in South Africa kindly book you via our website:
https://t.co/wT8tax46P5
#View4You
We Inspect. You Decide.