Zimbabwe, other African power utilities owe Eskom over R632m!

all4women.co.za

- all4women.co.za | 2 weeks ago

She said the DA had written to Gordhan requesting that he make public the payment plans Eskom had with the relevant foreign governments.

“In addition to this half a billion rand owed by foreign governments, the power utility is also owed close to R20 billion in outstanding debt from municipalities across the country,” Mazzone noted. “Clearly Eskom is incapable of collecting debts both at home and abroad.

This begs the question, does Eskom actually have plans in place to collect debts owed to it? If not, the utility will never be able to stabilise its cash flow, and the taxpayer will continue to pay for bailout after bailout.

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