Lights on, debt down: City Power agrees to settle its R3.2bn Eskom debt
submitted 10 months ago by okuhle34
submitted 10 months ago by okuhle34
- Johannesburg Mayor Dada Morero and Energy Minister Kgosientsho Ramokgopa announced that the City of Johannesburg will pay Eskom R3.2 billion over four years to settle its debt, which was determined through mediation.
- The agreement ensures no additional tariffs will be imposed on consumers, and the City has cleared its current account with Eskom, with the aim of preventing a collapse in the country's electricity system.
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