Eskom to rely on National Treasury support to supplement non-payment by municipalities - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

ICYMI: Eskom says the power utility will have to rely on increased support from the National Treasury in order to supplement non-payment by municipalities.

Eskom CEO Andre de Ruyter says the rising municipal debt, now reaching R56-billion is one of the reasons the power utility’s debt remains stubbornly high.

De Ruyter was speaking at the power utility’s virtual financial results presentation for the year ending March 2022.

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:

 /  🏆 37. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Stolen empty under white fearing and feared Cyril Vuvuzela Rhamaposa.

Most South Africans have pre paid electricity, what do these Municipalities do with money?

Oh PLEASE STOP WITH THE BS!! Eskom incompetence is laughable, you have a bunch of THUGS running Eskom but said thugs can't collect their money from non paying municipalities? 🙄🙄

Take the distribution of electricity away from non paying Municipalities and supply direct to the customers. This entrenched system of Non Payment for services by individuals and municipalities is dragging our country into the ground.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ESKOM LIVE | Still no word on Christmas day load shedding from Eskom | BusinessAll the latest news and analysis on load shedding, power and the national grid. Just on Christmas neh, looks like we are all of a sudden fine with loadshedding on all the other non-Christmas days. Shuuu None needed. It'll be atleast stage 4 we know .
Source: News24 - 🏆 4. / 80 Read more »