Tshwane and Ekurhuleni pushing Eskom to the brink

The City of Tshwane and City of Ekurhuleni are racking up huge electricity bills that are going unpaid – and Eskom says it can’t afford it.

Eskom says that the cities of Tshwane and Ekurhuleni are threatening the group’s liquidity and financial stability by racking up electricity debts in the billions of rands.

“The erratic payments by the CoT dating back to 2022 are alarming; also of serious concern is the entrenched practice by the CoE of settling its account late over the past six months. Reporting its quarterly results to the Standing Committee on Appropriations at the end of August, Eskom suffered a R5 billion loss before tax in the first quarter of the 2023/24 financial year ending June 2023.

While Eskom’s battle with the City of Tshwane over money owed is well documented, having Ekurhuleni join the party is a significant blow to the power utility.

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BusinessTechSA /  🏆 24. in ZA

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