Eskom offers a carrot to defaulting municipalities
CEO André de Ruyter hopes a collaborative method will succeed where its big stick approach has failed
15 February 2021 - 20:02
As strong-arm tactics fail to entice defaulting municipalities to pay their spiralling Eskom debt, the utility is piloting an “active partnership” initiative which it hopes will diminish the growing problem.
Speaking at a Free Market Foundation web event on Monday, Eskom CEO André de Ruyter said the municipal debt owed to the power utility had reached R36bn, with 10 municipalities owing 70% of that. “The problem is not that widespread, but it is a problem of huge magnitude,” he said...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.