Mayor Mpho Moerane wants city to supply townships but it would have to settle debt and pay for assets
The City of Johannesburg has two multibillion-rand hurdles to jump if it is to take over the electricity distribution network from Eskom: it will have to pay the power utility R7.5bn to cover outstanding consumer debt and R4bn to take ownership of distribution infrastructure.
Newly installed executive mayor Mpho Moerane said in his inaugural remarks that the city planned to take over distribution from Eskom, which has run into deep conflict with township communities due to unpaid bills and illegal connections...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.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Eskom green deal is ‘dangerous’, Gwede Mantashe warnsThe mineral resources & energy minister also confirmed he would not attend the upcoming UN Climate Change Conference
Read more »
Eskom to implement Stage 2 load shedding tonightThe power utility says it may be necessary to continue load shedding during the day and over the weekend should the generation reserves not recover sufficiently.
Read more »
Eskom implements Stage 2 load shedding from 9pmSouth Africa will be experiencing Stage 2 load shedding from 9pm on Thursday.
Read more »
Rain causing power outages in Gauteng, Eastern Cape, says EskomThe power utility says it's attending to the current faults and has appealed for patience while they worked on restoring supply.
Read more »
Gwede Mantashe warning on ‘dangerous’ Eskom plans a sign energy division persistsThe mineral resources & energy minister also confirms he would not attend the upcoming UN Climate Change Conference
Read more »
Eskom dims ANC joy over Joburg power supply, says deal 'still years away'Earlier, the ANC had boasted that the newly signed Power Purchase Agreement would end the struggle of electricity for the city's communities.
Read more »