Eskom needs R100 Billion so that you can turn your lights (and the internet) on by the end of the decade

"We will need between 90-110 billion rand to be invested in coal mines by 2020." - ESKOM

NVDL: I wonder where Eskom is going to get R100 billion from? I mean, has anyone noticed that credit evaporated out of the system recently...upwards of $17.5 trillion [translating to debts of over $6000 for every US man, woman and child, and making the average Britain 40 000 pounds (about R100 000) poorer.]

clipped from www.reuters.com Eskom says SAfrica needs 40 new coal mines by 2020 JOHANNESBURG, March 11 (Reuters) - South Africa's utility Eskom [ESCJ.UL] said on Wednesday the country would need to invest up to 110 billion rand ($10.52 billion) in coal mining by 2020 and build at least 40 new coal mines in that time. State-owned Eskom said Africa's biggest economy, which is in the grip of a power shortage, will need to produce 374 million tonnes of coal by 2018 to meet growing demand. "We will need 40 mines to be opened requiring a large number of mining rights to be awarded in a short period of time ... we will need between 90-110 billion rand to be invested in coal mines by 2020," Eskom's coal specialist Johan Dempers told a coal, carbon and energy conference in Johannesburg.