Eskom Warns of Soaring Municipal Debt, Seeks Solutions
Johannesburg News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Eskom warns of escalating municipal debt, potentially reaching 240 billion rand over five years. Current debt stands at 116.2 billion rand, with smaller towns driving the increase. Without action, debt could surge to 358 billion rand by 2031. Eskom plans to split into separate units by 2030, but massive arrears hinder this goal. Eskom is implementing distribution agency deals and legal actions to address the issue, aiming to stabilize finances and local power services.
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