Thread by @chrisyelland

Eskom cannot simply pass all of its financial sustainability problems on to the customer through increased tariffs. When @NERSA_ZA does not give @Eskom_SA what it wants, others will have to step in to help share the burden, including:...

@NERSA_ZA @Eskom_SA 1. @Eskom_SA itself must share the burden through a lower rate of return on assets, increased efficiency and belt tightening across the board.
2. The shareholder/tax payer must share the burden through further bail outs/equity injections linked to a recovery plan...

@NERSA_ZA @Eskom_SA 3. Eskom executives, management, staff and workers must share the burden through reduced pay, forgoing bonuses, reduced numbers, retrenchments and improved productivity...

@NERSA_ZA @Eskom_SA 4. In their own interests and to protect their existing @Eskom_SA debt, financial institutions, banks & lenders must share the burden through refinancing of existing Eskom loans with better terms terms, and extending new loans a higher risk.

@NERSA_ZA @Eskom_SA 5. To protect their existing @Eskom_SA business, coal suppliers must share the burden through better prices and special pricing agreements to reduce Eskom's primary energy costs....

@NERSA_ZA @Eskom_SA 6. The justice department, police, director of public prosecutions, Hawks, courts and @Eskom_SA itself must all play their part to root out and punish perpetrators of fraud, corruption, maladministration and unauthorised expenditure at Eskom, without fear or favour.

@NERSA_ZA @Eskom_SA Expecting electricity customers to bear the burden alone through huge tariff increases, will just accelerate the utility death spiral with severe economic consequences.. All combined efforts must be conditional on Eskom implementing a credible restructuring & recovery plan.