Phakamani Hadebe, CEO of Eskom, apologized on behalf of the public utility to South Africans. According to Hadebe, the problems and issues that the organization is now facing could have been avoided in the past:
“All these challenges, load shedding, were built over time. But turning around an institution facing challenges takes time. So we apologize. “
As for the beginning of the year Eskom’s total debt stands over R419bn. To cope with closing “debt trap” management has requested a tariff increment by 15%.
Hadebe claims that those steps were drastic but necessary at the same time. He also called for support, as Eskom could not handle these issues on its own.