Phakamani Hadebe, CEO of Eskom, apologized on behalf of the public utility to residents in South Africa. According to him, the problems and issues which 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 very steep but necessary at the same time. He also called the people for help, as Eskom cannot handle this issues by itself.