Simnikiwe Hlatshaneni
Premium Journalist
5 minute read
1 Oct 2021
5:18 pm

Joburg to take over Soweto power supply, R7 billion Eskom customer debt

Simnikiwe Hlatshaneni

The deal is expected to cost the city at least R7 billion, unless it can negotiate a partial debt write-off, according to finance MMC Matshidiso Mfikoe.

Picture: Gallo Images

The City of Joburg has signed a memorandum of understanding (MOU) with Eskom to take over its consumer base in the metro, which will include absorbing billions in customer debt. This was announced on Friday morning by the newly elected Mayor of Johannesburg Mpho Moerane, who takes over the reigns in the city for at least for the next 30 days before the local government election. The deal is expected to cost the city at least R7 billion unless it can negotiate a partial debt write-off, which may also be on the cards, according to finance MMC Matshidiso Mfikoe. The...