Gauteng’s New Premier Wants Soweto’s R5 Billion Eskom Debt Written Off

  • The new premier of South Africa’s Gauteng Province, Panyaza Lesufi, wants around R5 billion owed to Eskom by Soweto residents, written off.
  • Lesufi made the request in a series of Tweets on the weekend. 

Eskom, with its own debt crisis, has had limited success in managing outstanding municipal debt, which has escalated to unsustainable levels. As at 30 September 2021, total municipal debt was at R40.9 billion. Read more

Eskom’s Chief Financial Officer, Calib Cassim, has previously stated that: “It is clear Eskom cannot solve municipal debt challenges on its own. Continued support and cooperation from government and all key stakeholders is crucial to address the root causes of the problem. As such, we are grateful for the support by the Eskom Political Task Team (PTT) led by the Deputy President and its Multidisciplinary Revenue Committee (MdRC), although much still needs to be done to achieve the desired results.”

Related news: Eskom wins judgement Against Municipality for R1.3 billion debt

Eskom is in the process of rolling out pre-paid meers in Soweto. Last month, Daphne Mokwena addressed residents at the Soweto Theatre, “The amount is about R5 billion that is owed to Eskom. Once we have installed the prepaid meters, we will monitor your purchases for 36 months and park your debt. We are engaging with the city, about a month ago we had another engagement with the city,” she said.

Author: Bryan Groenendaal

Leave A Reply

About Author

Green Building Africa promotes the need for net carbon zero buildings and cities in Africa. We are fiercely independent and encourage outlying thinkers to contribute to the #netcarbonzero movement. Climate change is upon us and now is the time to react in a more diverse and broader approach to sustainability in the built environment. We challenge architects, property developers, urban planners, renewable energy professionals and green building specialists. We also challenge the funding houses and regulators and the role they play in facilitating investment into green projects. Lastly, we explore and investigate new technology and real-time data to speed up the journey in realising a net carbon zero environment for our children.

Copyright Green Building Africa 2024.