South Africa

Eskom confirms settlement of R876 million debt by the city of Tshwane

Eskom confirms settlement of R876 million debt by the city of Tshwane

The municipality was supposed to pay its debt on June 17 this year but finally paid it on Thursday.

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JOHANNESBURG – Eskom in Gauteng has confirmed that the city of Tshwane has paid its R876 million debt to the cash-strapped utility.

The municipality was supposed to pay its debt by June 17 this year, but did so only on Thursday.

However, the city offered to enter into a payment settlement with Eskom, which rejected the offer.

Eskom in Gauteng’s Amanda Qithi said: ‘The payment comes after we rejected the city’s offer to enter into payment settlement agreements and escalated the matter, once again, to the Executive Mayor of Tshwane, Randall Williams.
We thank the city for the amount paid and hope that it will honor its future payments.



Eskom confirms settlement of R876 million debt by the city of Tshwane

Source link Eskom confirms settlement of R876 million debt by the city of Tshwane

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