Why is Eskom with its monopoly status not viable and must constantly be bailed out ?
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Established in 1923 Eskom is a South African electricity distributor company which is said to be controlled by rich politicians through corruption and malpractices. It need to be bailed out because it has monopoly and it serves as the only distributor in that country and have super normal profits due to high electricity charges. Since electricity is a basic need people will take this high charge anyways. Also since there are no competitions in the market it is lax with its rules and favors some people.
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10 thanxxx = 10 thanxx + follow ..............
15 thanxx = 20 thanxx + follow ..
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