Loan Digest

Eskom sues over R1.1-billion Joburg City Power debt

  • 📰 TechCentral
  • ⏱ Reading Time:
  • 13 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 71%

City Power News

Joburg,Eskom

Eskom is taking South Africa’s largest city to court over its alleged failure to pay debts totalling nearly R1.1-billion.

The utility said it has been “left with no choice” but to apply to the high court for a declaratory order to force City Power to pay up.

Eskom said City Power started defaulting on its payments in October, and no payment was received for March “The debt owed by City Power has reached unprecedented levels, exacerbating Eskom’s already-strained financial situation,” Eskom said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 8. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Eskom sues Joburg's City Power for over R1bn in unpaid debtEskom sues Joburg's City Power for over R1bn in unpaid debt
Source: News24 - 🏆 4. / 80 Read more »