Brian Molefe

Brian Molefe is a South African businessman and business executive. Quotes It is a fundamental error in estimation and points to a fundamental flaw in the revenue estimation model of Nersa More importantly it points to the fundamental flaw in the operating model of Eskom About 85% of energy comes from coal, by the amount of energy that is produced however by value, in rand terms coal is about 90% in Nersa’s revenue determination model so if you tamper with any of the other things you are not doing anything and you have to go to the source, being coal Eskom should not be a price taker in the coal industry but rather it should be a price maker. In reality, the opposite is true as Eskom officials rarely stand up to the bullying by rich mining companies who do not hesitate to use political and other methods of pressure to force exorbitant prices down the throat of Eskom officials The outcome of this is that the resultant high price of electricity is in fact a transfer via Eskom and Nersa of money from the clients of Eskom especially the poor to the rich coal mining companies that feed their insatiable appetite for profit To put it crudely, Eskom and Nersa are just conduits that extract money from poor South African citizens, who are surviving with minimum starvation wages to give to the rich called mining companies MK Party’s Brian Molefe says coal suppliers are bullying Eskom,2024 In South Africa, we don’t have courts of justice. We have courts of law. People don’t go to court to get justice. They go to court for a judge to apply the law, whatever the case may be If you are an ordinary person, a worker, working a menial job and the most vile deed is committed, just the cost of getting an application going, a notice of motion or founding affidavit, can run into thousands of rand As long as you are black and poor, forget about justice When I was at Transnet, I said South Africa must stop buying trains everywhere. We must manufacture our locomotives South Africans must stop consuming only. We need to get into the habit of making things as a country Justice out of reach for SA’s poor, says Brian Molefe,2024 External links Category:Politicians from South Africa Category:Living people Category:Businesspeople from South Africa Category:African National Congress politicians