Despite, (or thanks to Billions in foreign investment in Eskom), 7.2 Million tons of SA’s best coal is destined for China from Richards Bay Harbor while South Africans suffer under rolling blackouts. 36 Chinese ships are waiting for coal to be loaded in Richards Bay Harbour. Each ship takes about 36 hours to be loaded with 200,000 tons of coal per ship average. The coal is Grade A anthracite.
According to the source, Eskom has huge stockpiles of coal and they are lying because they want that 15% increase in electricity tariffs. Is the shortage real or not? This would explain the back and forth with excuses for the blackouts
BEHIND THE ROLLING BLACKOUTS (“LOAD SHEDDING”)
12 July 2018 – Ramaphosa together with Jeff Radebe and Patrice Motsepe goes to Saudi Arabia and the Saudis invest $10 billion in Eskom.
24 July 2018 – Eskom signs a R33 billion loan with China Development Bank.
4 Nov
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