City Power and Eskom reach R3.2bn settlement
The agreement comes after Eskom issued a notice in November threatening to cut power supply to Johannesburg
24 June 2025 - 10:22
City Power and Eskom have reached a settlement of R3.2bn over a contentious bill that threatened to plunge SA’s economic and financial hub into darkness, as Eskom threatened to pull the plug on supplying the metro with electricity.
The agreement comes after Eskom issued a notice in November, threatening to cut power supply to Johannesburg, home to Africa’s largest stock market and regional headquarters of many multinational companies, over a contentious R4.9bn bill it said City Power owed. ..
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