Head Topics

Eskom seizes another municipality account as it plays hardball with defaulters

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

South Africa Headlines News

Matjhabeng municipality in the Free State owes the state-owned utility R3.4bn

Eskom has seized the bank account of another municipality that owes it billions of rand as part of renewed efforts to play hardball with defaulters, and claw back R31bn in outstanding municipal debt.

The state-owned utility, whose own debt stands at R488bn at the end of March and was described before the Covid-19 pandemic as single most important risk to the economy, said on Sunday that it had attached the account of the Matjhabeng municipality in the Free State, which includes the town of Welkom. This was in response to the non-payment of R3.4bn in debt for the provision of bulk electricity.

 

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:

 /  🏆 12. in ZA

South Africa Latest News, South Africa Headlines

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

Dark days ahead this weekend as Eskom keep the lights offIt is still lights out for South Africans this weekend, as Eskom will implement stage 2 load-shedding from 8am until 10pm on Saturday and Sunday.
Source: TimesLIVE - 🏆 28. / 59 Read more »

Eskom suspends ‘apathetic’ managers of power stations over load-sheddingEskom’s board says it supports CEO André de Ruyter in suspending the Tutuka and Kendal power station managers pending disciplinary inquiries
Source: BDliveSA - 🏆 12. / 63 Read more »

Eskom and treasury fight needs urgent attentionEarly signs of instability are creeping into struggling power utility as forces fighting for space in the parastatal take battle to the very top at Megawatt Park.
Source: mailandguardian - 🏆 2. / 92 Read more »

De Ruyter: Discipline needed at Eskom power stationsThe utility suspended the general managers of the Kendal and Tutuka power stations for poor performance that led to load shedding being implemented.
Source: ewnupdates - 🏆 30. / 53 Read more »

Outa to ‘keep close eye’ on Eskom disciplinary processes
Source: ewnupdates - 🏆 30. / 53 Read more »

Energy expert: Eskom not being honest about load-sheddingEnergy analyst Ted Blom believes Eskom is not being honest with South Africans about load-shedding
Source: eNCA - 🏆 49. / 51 Read more »