City Power has lost R31-million due to cable theft and vandalism - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABC News Online
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

READ| City Power has lost R31-million due to cable theft and vandalism

City Power spokesperson Isaac Mangena says they are concerned about the escalating number of incidences and the resultant cost implications...

Johannesburg’s City Power lost R31-million due to cable theft and vandalism of its infrastructure in the last two financial years. Large parts of Johannesburg have been plunged into darkness in a number of occasions and this has been blamed largely on theft and vandalism of electricity infrastructure.

City Power spokesperson Isaac Mangena says they are concerned about the escalating number of incidences and the resultant cost implications… “We’ve had approximately 1644 cable thefts and vandalism incidents in 2017/18 which cost City Power R13-million in money that was lost by city power. The numbers increased to about 1870 in 2018/19 costing city power about R18-million in losses. This is worrying to us as city power because that is the money that could be used to stabilise the network.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 32. in BUSİNESS

Business Business Latest News, Business Business Headlines