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Municipalities in “R31 billion” debt to Eskom

ENTERTAINMENT GIST

Municipalities in “R31 billion” debt to Eskom

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

Real Nobs 429 - Municipalities in "R31 billion" debt to Eskom

Eskom stated 90% of the cash owed by clients for bulk electrical energy provide was recovered by municipalities, however a big share 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.

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

Spokesperson Sikonathi Mantshantsha stated 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 performed to the SOE over the previous 15 years.

Definitely no person at Eskom or within the authorities, who’s sincere, can declare that Eskom is absolutely capable of meet its mandate. If that was the case, we’d not even be discussing load shedding.”

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