CUTS

POWER

CityPress - - Business - Eskom cuts power to 116 000 for non­pay­ment

Eskom has cut sup­ply to five dis­tricts, en­com­pass­ing 116 300 res­i­dents, af­ter the mu­nic­i­pal­i­ties failed to pay the com­pany for elec­tric­ity.

The power util­ity dis­con­nected sup­ply at 7am in the North­ern Cape mu­nic­i­pal­i­ties of Dik­gat­long, Ma­gareng, Ubuntu, Them­be­lihle and Renos­ter­berg, it said on its Twit­ter ac­count.

The cuts would con­tinue un­til 10am and re­sume be­tween 6pm and 8pm, the com­pany said.

The move fol­lows “the mu­nic­i­pal­i­ties’ de­fault­ing on ex­ist­ing pay­ment terms and pay­ment ar­range­ments”, Eskom said. The util­ity needed about R237 bil­lion of fund­ing to 2019 and had se­cured 84% of the R46 bil­lion needed for the fis­cal year to March, it said.

Eskom is owed about R32.3 bil­lion by cus­tomers, in­clud­ing large in­dus­trial users and mu­nic­i­pal­i­ties. Soweto owes R9.8 bil­lion – 95% of which is debt that is more than 60 days over­due.

– Bloomberg

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