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.
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.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: News24 - 🏆 4. / 80 Read more »