Eskom, South Africa's primary electricity supplier, is grappling with an 'existential crisis' due to a record R95 billion ($5.2 billion) in unpaid bills from local municipalities. This surge in debt, despite Eskom's recent progress in narrowing losses and ending rolling blackouts, threatens its financial stability and ability to improve infrastructure. Minister Kgosientsho Ramokgopa warned that the problem is not solely Eskom's but a national one, as unpaid bills ultimately burden the government.
South Africa ’s government has warned that power utility Eskom is facing an “existential crisis” after the amount of unpaid bills owed by local municipalities surged to a record R95bn . The comment by Kgosientsho Ramokgopa, minister for electricity, overshadowed financial results that showed that the company’s losses had narrowed and that it was on course for its first annual profit since 2017, while the company celebrated 260 days without rolling power cuts.
“In some of those municipalities, there is a lack of strong leadership in terms of doing what’s right,” he said. “The money for electricity has been collected from residents, but has been used by those municipals officials for other purposes.
ESKOM South Africa Power Crisis Unpaid Bills Municipalities
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