Eskom has been dealt a blow in its bid to recover unpaid bills after the Constitutional Court upheld a ruling by the Supreme Court of Appeal that the state-owned utility’s decision to disconnect electricity to two defaulting municipalities was irrational.
Eskom, which is burdened with about R400bn in debt and remains reliant on government bailouts to survive, has on several occasions interrupted power supply to extract payment from municipalities, which owe it about R36bn...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Just start attaching their assets?
It won’t be easier after elections. This country is loosing its grip at an alarming pace. Law and order🤦🏿♂️ for who for what .
Can they please rule on councils cutting electricity and exspecially CityofJoburgZA cutting ppl WATER . Without water humans cant live and you take there dignity away
Thanks for been a God sent to my life because I was screwed on my first experience I’m forever grateful and will forever be proud of you anywhere, people like you are hard to find thank God my friend introduce you to me. peternice_
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Climate finance proposal could solve Eskom debt crisisThe financing proposal is the first of its kind in the world and has not yet been presented to government Thanks for been a God sent to my life because I was screwed on my first experience I’m forever grateful and will forever be proud of you anywhere, people like you are hard to find thank God my friend introduce you to me. peternice_ No it won’t.
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