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Municipalities in “R31 billion” debt to Eskom

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Municipalities in “R31 billion” debt to Eskom

Spokesperson Sikonathi Mantshantsha said Eskom was really in need of the money so as to turn the parastatal’s financial troubles around

Municipalities in “R31 billion” debt to Eskom

Eskom said 90% of the money owed by customers for bulk electricity supply was recovered by municipalities, but a large percentage of the money wasn’t sent to the power utility’s account.

Eskom further claimed that there was an increase in profit for some municipalities who ramped up their prices.

In July, the total amount of money municipalities owed to Eskom estimated to R31 billion.

Spokesperson Sikonathi Mantshantsha said Eskom was really in need of the money so as to turn the parastatal’s financial troubles around.

He mentioned that the management was planning to make repairs to damages done to the SOE over the past 15 years.

Certainly nobody at Eskom or in the government, who is honest, can claim that Eskom is fully able to meet its mandate. If that was the case, we would not even be discussing load shedding.”

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