> 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 
> 
> 
> 
> 
> 
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