Eskom asks Cogta to intervene as Tshwane's electricity debt balloons to R1.4bn | Business

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Eskom has asked the department of cooperative governance & traditional affairs to intervene as the City of Tshwane’s electricity debt has ballooned to R1.4 billion. | News24_Business

"Eskom does not have the financial capacity to finance the City of Tshwane's operations and calls on the city to do right by its residents and pay the bulk electricity account to enable Eskom to continue supplying electricity to the city," Eskom said.A spokesperson had previously indicated to News24 that the irregular payments related to Tshwane’s low level of revenue collection.

The Auditor-General of South Africa recently issued the first adverse audit finding against the City of Tshwane, warning of"material uncertainty" around its ability to continue as a going concern.In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.

 

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