Eskom Cuts Power to Municipalities Over $6.5B Debt
Johannesburg News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Eskom, South Africas state-owned power company, announces plans to cut electricity to fourteen municipalities due to unpaid debts totaling $6.5 billion. This move aims to prevent debts from tripling in five years. Eskom has been grappling with massive debts, corruption, and falling sales for years, relying on government bailouts and price hikes. However, unpaid municipal bills threaten recent progress. Experts warn that this move may disproportionately affect low-income families, disrupting revenue for basic services and eroding trust. Stronger billing, ring-fenced funds, and national support could provide a solution without blackouts.
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