South Africa’s richest city pays Eskom R5.3 billion in overdue electricity debt
Eskom’s threat of cutting electricity supply to Johannesburg has finally been resolved.
Auto Added by WPeMatico
Eskom’s threat of cutting electricity supply to Johannesburg has finally been resolved.
South African homeowners are paying over R3,000 more per month in some metros than they would have if municipal rates had kept pace with inflation over the past 20 years.
Eskom announced that the Johannesburg Metropolitan Municipality once again failed to meet its electricity payment obligations and faces rolling blackouts.
Eskom has issued a notice that it intends to reduce, interrupt, or terminate electricity supply to certain bulk supply points in Johannesburg.
City of Johannesburg’s worsening financial position is posing a major risk to property sentiment and values in the city, which is already seeing an outflow of millionaires due to governance concerns.
The City of Johannesburg has disputed claims alleging that its electronic billing platform was experiencing a critical failure.
At the same time that the city’s mayor was delivering a speech marking the launch of the first phase of the station, City Power’s account posted dozens of notifications about power outages.
Another collapse of the City of Johannesburg’s electronic billing and payments platform has triggered a major administrative own goal affecting roughly 1.5 million municipal accounts.
Mafia-style syndicates are now targeting homes in some of the country’s top suburbs.