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.
National Treasury said that the R8.1 billion loan from Beijing-based Asian Infrastructure Development Bank is aimed at lowering electricity losses from 22% to 12% at South Africa’s largest cities.
Time is running out to benefit from waivers on rooftop solar power registration fees for Eskom Direct and Cape Town customers.
The City of Johannesburg’s mayor has said the metro will use its equitable share funding allocation from National Treasury to pay off its Eskom debt once it receives the money.
AfriForum has demanded that the Municipality of Emfuleni explain why it wants to charge residents who use rooftop solar R463 per month and a R2,400 application fee.
Eskom announced that the Johannesburg Metropolitan Municipality once again failed to meet its electricity payment obligations and faces rolling blackouts.
A new agreement has been brokered to embed Eskom engineers within City Power to reduce technical losses, improve billing accuracy, and ring-fence electricity, according to Electricity Minister Kgosientsho Ramokgopa.
The power utility says CoJ and/or City Power currently owes an arrear debt of over R5.25bn, excluding the current account of a further R1.58bn due on 5 June 2026.
Eskom has issued a notice that it intends to reduce, interrupt, or terminate electricity supply to certain bulk supply points in Johannesburg.
City Power’s new state-of-the-art EV charging station will be open for use by the general public.