Eskom rejects City of Tshwane’s R878m repayment plan

ESKOM has rejected the City of Tshwane Metro’s offer to enter into payment settlement arrangements for the R878 million owed to the power utility.

The city metro has failed to pay Eskom R908 million on the deadline of 17 June.

Eskom said on Monday the metro only managed a payment of R10 million on 23 June and R20 million on 30 June, and has only made payments of R10 million on the 23rd of June and R20 million on the 30th of June.

The power utility said the non-payment by the city has contributed negatively to its own increasing overdue debt which is in excess of R46.6 billion, liquidity, financial performance, and the sustainability of the organisation, such that Eskom has to borrow to meet its financial commitments.

Eskom Senior Manager for Customer Services in Gauteng, Daphne Mokwena said they hope the city will review its position and honour its