Eskom rejects Metropolis of Tshwane's debt reimbursement plan

Eskom has rejected the Metropolis of Tshwane’s provide to enter into cost settlement preparations for

Eskom has rejected the Metropolis of Tshwane’s provide to enter into cost settlement preparations for the R878m owed to the ability utility.

“The town did not pay Eskom a complete quantity of R908m which was due and payable by June 17 . The municipality solely made a cost of R10m on June 23 and R20m on June 30 ,” Eskom stated on Monday.

As a part of its efforts to recuperate the debt, Eskom had beforehand escalated the matter of the town’s erratic funds to mayor Randall Williams in a gathering with him and his management workforce in January.

Eskom stated the matter was once more escalated to Williams in June, requesting him to help in guaranteeing that the municipality settled the account by June 30.

“Out of the eight metropolitan municipalities within the nation, the Metropolis of Tshwane is the one one with erratic funds.”

The erratic funds over the previous yr had contributed negatively to Eskom’s rising overdue debt, which was greater than R46.6bn, liquidity, monetary efficiency and its sustainability.

Supply: TimesLIVE

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