ANC’s planned Eskom State of Disaster could drive SA to total financial collapse | The Citizen

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ANC's state of disaster won't guarantee energy security, but it can completely collapse the state if government’s handling of prior crises is anything to go by. Read the full story➡️lootingorgyloading Eskom

The ANC’s has proposed national state of disaster, meant to address the country’s electricity crisis, does not automatically guarantee energy security.

“One of the undesirable outcomes of declaring a National State of Disaster would be triggering of an event of default by Eskom on its bonds, which are in excess R400 billion, which would consequently also lead to cross-default by all State Owned Companies and inevitably lead to privatisation of Eskom through a ‘backdoor’.

Trollip says unless government can specifically state which objective it cannot achieve due to a legislative hindrance and how a National State of Disaster would assist with achieving that objective, it should not legitimately be allowed to undermine those laws. While Ramaphosa said the proposed National State of Disaster will seek to speedily address the power crisis in a much shorter than the 18-24 months government had previously communicated, Curlewis is of the opinion that such a move could just evaporate into thin air.

Millions of Rand have already been spent in the guarding of our power stations, with the military already having been deployed to prevent sabotage and other criminal activities. “It’s a disaster because of two reasons, as it will take the national electricity grid more than five days to restore supply and secondly the country’s economy and the manufacturing industries cannot afford a situation where the grid collapses in its entirety,” said Botes.Botes is of the view a civil uprising is likely to ensue once it becomes evident that the government cannot, and is in no position to secure basic services.

 

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