Municipalities in “R31 billion” debt to Eskom

Spokesperson Sikonathi Mantshantsha mentioned Eskom was actually in want of the cash in order to show the parastatal’s monetary troubles round

Eskom office - Municipalities in "R31 billion" debt to Eskom

Eskom mentioned 90% of the cash owed by clients for bulk electrical energy provide was recovered by municipalities, however a big proportion of the cash wasn’t despatched to the facility utility’s account.

Eskom additional claimed that there was a rise in revenue for some municipalities who ramped up their costs.

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In July, the overall sum of money municipalities owed to Eskom estimated to R31 billion.

Spokesperson Sikonathi Mantshantsha mentioned Eskom was actually in want of the cash in order to show the parastatal’s monetary troubles round.

He talked about that the administration was planning to make repairs to damages carried out to the SOE over the previous 15 years.

Definitely no one at Eskom or within the authorities, who’s sincere, can declare that Eskom is totally in a position to meet its mandate. If that was the case, we’d not even be discussing load shedding.”

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