That is one heavy read I must admit. One needs to be a Rhodes Scholar to understand the nits and grits I reckon. Having said all that and browsed the letter, it still does not alter the fact that people are suffering with these ridiculous increases getting out of control. When the needs of investors and shareholders come into play, the big boys want profits and really dont give a toss how they get them and it is usually the low to middle income people who suffer as a result. The fat cats sit back and laugh all the way to the bank. This is the same in almost all facets of business.
From what I could see quickly in the letter it appears that the Govt run suppliers are more expensive than those run by private concerns, the mind boggles really considering that at least here in SA since it went private, the cost of power has risen at a ridiculous level compared to when it was state owned. Somehow something does not add up, end result we are copping it where it hurts.
