> From: [email protected] > To: [email protected] > Date: Thu, 8 Apr 2010 08:50:52 +0000 > Subject: RE: [YCLSA Discussion] To Loan or Not To Loan, That is the Question? > > the loan must be rejected by the working class and the poor based on > principle. We can only arrive at that conclusion by simple asking who will > benefit? And who will suffer? the answer is simple as we all know that the > poor and the working class will suffer as we have to pay in service of the > loan. it is in fact one of the reason for tariffs hikes and we will in the > future see more hikes, the city of johannesberg is in good example of this as > they have made that indication already. land will be wasted and lost to coal > mining further impoverishing rural communities as we see this happening in > the platinum belt. Hazards will increase as we can see now in witbank where > most of coal mining is taking place. Pollution will increase thus furthering > illnesses in already ill poor working class locations and villages. Urban > migration will imcrease as people's livelihoods will be eroded, thus > manisfesting into other social ills. Climate change inflicted suffering will > escalate with devastating results and long term effects. I can go on and on > the list of injustices is endless. it is only those who stand to benefit, big > industry and capitalist in general support the loan including the anc . All > have financial interest and driven by greed to plunder in the name of common > good and national interest and security you know all those things they say > about world cup, nuclear power station, arms deal, big dams etc i dont have > to go there. The loan means a lost opportunity in many ways but in particular > of just transision to renewables which will bring about real security, > prosperity and peace that this world so much need. they are shooting us on > the feet and where is democracy here. Who suffers and who benefit is the > question all we must ask. > Sent from my Nokia phone > -----Original Message----- > From: Sandile > Sent: 08/04/2010 7:06:37 am > Subject: RE: [YCLSA Discussion] To Loan or Not To Loan, That is the Question? > > Leadership is about the management of paradoxes. We are called upon to be > clear on how we want to lead our country in the face of the incongruities > and conflicting interests this loan will bring to bear. Namely: > > > > 1. The World bank is notorious for its imperialist agenda > > 2. The World bank loan comes with tacit conditions that will require the > privatization of electricity generation > > 3. South Africa is dire need to grow its economy and as such must used all > available resources including coal to achieve this. > > 4. Environmentalists demand that South Africa move to renewal-able energy > > 5. The conflict of interest where by Chancellor House will benefit from the > tender. > > > > Asikhulume... What is to be done? > > > > From: [email protected] > [mailto:[email protected]] On Behalf Of Sandile > Sent: 08 April 2010 06:54 AM > To: [email protected] > Subject: [YCLSA Discussion] To Loan or Not To Loan, That is the Question? > > > > Support World Bank loan to Eskom, says minister > > JANICE ROBERTS | JOHANNESBURG, SOUTH AFRICA - Apr 06 2010 15:11 > > All South Africans should support the granting of the World Bank loan to > electricity parastatal Eskom, Energy Minister Dipuo Peters said on Tuesday. > > "All South Africans must support the loan because 25% of people are still > waiting to have access to basic minimum electricity," she told reporters in > Johannesburg. > > Peters was speaking after a roundtable discussion with Business Unity South > Africa (Busa). > > She also confirmed that should Eskom fail to get the loan, "there is no plan > B". > > She could also not shed any light on how the World Bank members would vote. > > The British government is reportedly under pressure to block South Africa's > efforts to secure a $3,7-billion loan from the World Bank to construct the > coal-fired Medupi power station. > > Joining Peters at Tuesday's news briefing, Busa chairperson Raymond Parsons > said Busa was already on record as supporting the World Bank loan. > > "It's part of Eskom's broader borrowing programme. Eskom has already > obtained a loan from the African Development Bank," Parsons said. > > "The World Bank loan at this stage is essential and we must remember that > the security and expansion of electrical power is a pro-poor mechanism ... > we must see it that way," Parsons added. > > The World Bank was due to give its verdict on the loan on Thursday. > > Turning to questions about the ANC's involvement in the building of the > Medupi power station through its 25% stake in Hitachi Africa via Chancellor > House, Peters said the issue should be addressed by the treasury general of > the ANC. > > Climate change > The minister said she had discussed several issues with Busa. > > In what she termed a "very good meeting", issues such as the Integrated > Resource Plan (IRP) were discussed. > > "After promulgating IRP 1 in December 2009, which addressed a specific > objective in relation to the Eskom multi-year price determination, we have > set ourselves a target of June 2010 for the next IRP." > > The minister said she had asked Busa to participate in the stakeholder > consultation process, which would commence shortly and would be open to all > stakeholders. > > The IRP would drive the issues of climate change and renewable energy, > Peters said. > > "We were very vocal in Copenhagen, calling on developing countries to up > their commitments and the IRP will make provision on a voluntary basis to > set South Africa on a path to reducing our greenhouse gas emissions." > > Parsons said a very strong platform for collaboration between business and > the government to meet the energy challenge and "to keep the lights on" had > been created by the meeting. > > "We must work together and find new ways to deal with the energy crisis," he > said. > > Asked if Eskom had yet found a new CEO, Peters said that the parastatal's > board was dealing with the matter. -- Sapa > > Source: Mail & Guardian Online > Web Address: > http://www.mg.co.za/article/2010-04-06-upport-world-bank-loan-to-eskom-says- > minister > > > > > > -- > You are subscribed. 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