Executive Mayor of the City of Johannesburg, Councillor Mpho Phalatse briefs media in Johannesburg, 21 July 2022. Picture: Nigel Sibanda
Last year, Eskom added to the taxpayers’ burden when it wrote off R5.3 billion of Soweto’s original R13 billion electricity debt. Should City Power replace supply to patches of Eskom customers, the utility expects the city to carry the debt. Eskom’s Sikonathi Mantshantsha said: “Should a transaction be concluded, this would include both the assets and liabilities involved in the entity in question.
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: