THE 20-YEAR LOCK-IN: HOW THE DA SOLD CAPE TOWN'S POWER TO AN AMERICAN LLC FOR R5.1 BILLION
Have you ever heard of a company called Make A Difference Ventures LLC?
No? Neither has Cape Town. Yet this American-registered company has just been handed a 20-year electricity contract by the City of Cape Town to the tune of R5.1 BILLION.
20 years. Locked. No exit.
WHO ARE THEY? WHO OWNS THEM?
The DA's only excuse is "it's cheaper than Eskom." 40MW solar in Philippi, 19-21% saving, CPI-linked not Eskom-linked. They say it will save R1.7 billion.
That's the sales pitch. Here is the truth:
1. An American LLC owning Cape Town's power.* Not a local cooperative. Not a Cape Flats community project. An LLC - a US structure built to hide beneficial owners. Who are the real shareholders? Who funded them? What are their political connections? The DA-run City has refused to show us the faces behind the LLC.
2. Awarded on deviation.This was not a clean, competitive, transparent tender. Council records show it was approved on deviation in February 2025. Deviation means they bypassed normal supply chain rules. For R5.1 billion.
3. Treasury flagged it.National Treasury itself had to write to the City asking about compliance failures. For a 20-year contract, the public participation process produced ONE comment from the public. One. For R5.1 billion of your electricity money. That is not consultation. That is capture.
4. A 20-year mortgage on your prepaid. The City says it will be funded from the bulk electricity account. That's your money every time you buy electricity. They are gambling that this company will exist, perform, and stay cheaper for two decades until 2046. If it fails, if it under-delivers, if it sells its shares offshore, Cape Town cannot walk away. You are the collateral.
THE DA'S HYPOCRISY
The DA built its brand attacking ANC long-term Eskom deals as corrupt and reckless. Now it signs the exact same model, just in blue.
Foreign company. Massive long-term lock-in. Deviation. Treasury query. Zero transparency.
If this was in Johannesburg under the ANC, Geordin Hill-Lewis would be marching to the Hawks with a dossier.
In Cape Town, it's called "innovation."
Don't be fooled. "Cheaper than Eskom" is not a business plan, it's a slogan. Eskom was also cheap in 1990.
Real energy independence is local, transparent, and publicly owned. This is not independence. This is outsourcing sovereignty to an LLC no one knows, for 20 years, with your money.
Cape Town must demand: Publish the full contract. Publish the owners. Publish the Treasury letter.
Do some digging. Then we share notes.
Michael Carrick is Ole 2.0 nothing will improve in terms of how we play,train or approach games, we have technically sound players but still struggle to hold possession, he will pickup points here, Manchester united will pickup the usual save private Ole results but once it stops
Guys here is Template @KePiitso COPY AND PASTE
3 September 2026
To: The Energy Regulator
National Energy Regulator of South Africa (NERSA)
Kulawula House, 526 Madiba Street, Arcadia, Pretoria
REF: Comments on the Consultation Paper on the Eskom Retail Tariff Structural Adjustment (ERTSA) Application for Standard Tariffs for the 2027/28 Financial Year, published 2 September 2026 (closing date for comments: 2 October 2026, 16:00)
Subject: Unconditional objection to any further electricity price increase - nothing less than a reduction is acceptable
Dear Members of the Energy Regulator
1. I write in terms of the public participation process to record my unconditional objection to Eskom's ERTSA application for the 2027/28 financial year, which proposes yet another average increase of approximately 8.8% in the price of electricity. I say this at the outset, clearly and without equivocation: nothing but a reduction in the price of electricity is acceptable. Another increase is not merely undesirable - it is unjustifiable, unaffordable and unconscionable in the current economic climate.
2. Over the past twenty years, the price of electricity in South Africa has risen by more than 900% - cumulative increases that have outpaced inflation by a wide margin and dwarfed wage growth for ordinary workers. Every single year, South Africans are told that this year's increase is the last one, or the minimum possible, or somehow for our own good. Yet the increases never stop. Even the Regulator's most recent determination, approving an average increase of 8.76% for 2026/27, landed on consumers who are already drowning, and Eskom is already back asking for 8.8% more. Each increase compounds the last, and the burden is never lifted - it is only passed on.
3. This country is in the grip of a cost-of-living crisis. Food prices, fuel, municipal rates, transport and housing have all risen relentlessly, while salaries and wages have not kept pace. Working South Africans are doing more hours for less real money, and every cent counts. Electricity is not a luxury that can be cut from a budget - it is a basic need: it cooks our food, keeps medicine cold, lights our children's homework, and powers the small enterprises that employ our neighbours. For the poor, who spend a far larger share of their income on energy and who buy electricity through prepaid metres, every tariff increase is a direct, immediate cut to an already inadequate income. When the price of electricity rises, it is not Eskom's shareholders who feel it - it is the pensioner in a two-room house in winter, and the domestic worker who must choose between a warm meal and electricity for the week. The poor and the working class bear the brunt of every increase, and they can bear no more.
4. Eskom's demand for yet another increase is all the more indefensible given its own financial results. Eskom has now recorded its first profit since 2017 - R23.9 billion before tax in the 2024/25 financial year - and reports indicate that profits have since more than doubled. Eskom's own annual results attribute this turnaround in large measure to tariff increases already granted. In other words, the South African public has already paid for Eskom's recovery through higher prices, and Eskom now returns to the trough asking for more, while sitting on record profits. Those profits should be applied to reducing the price of electricity and easing the burden on consumers - not to funding yet another round of increases. A profitable Eskom that still demands annual hikes is not a utility in need; it is a monopoly that has learned that the public will always have to pay.
“written comments on the proposed price hikes can be forwarded to [email protected]. they can also be hand-delivered to 526 Madiba Street, Arcadia, Pretoria or posted to PO Box 40343, Arcadia, 0083, PTA, South Africa. closing date for the comments is 2 October 2026 at 4pm” 🫵🏾🫵🏾
Complaining on the TL won’t help us guys. Let’s send through comments on this proposed hike. This is not sustainable and it won’t stop until we voice out our disapproval through the right channels.
MURDER SUSPECTS WANTED!
They were captured on a dash camera allegedly hijacking an Uber driver. The driver reportedly managed to escape, but while running away, one of the suspects allegedly opened fire at him.
The suspects attempted to hide their faces, but their identities were captured by the dash camera during the incident.
Germiston News has no information at this stage regarding whether the driver is dead or alive.
SAPS may need assistance from the public to identify the suspects and bring them to justice.
An investigation is underway to establish what happened to the driver and whether he was declared dead.
Shared exactly as recieved