DStv Channel 403 Friday, 08 November 2024

Eskom | City of Johannesburg and City Power ordered to settle R3.4 billion debt

JOHANNESBURG - Eskom has secured a court order that requires City Power and the City of Johannesburg, to pay their long standing R3.4-billion debt by Friday.

READ: Eskom takes City Power to court over debt

The court ruled in favour of the power utility, ordering the City of Johannesburg to pay just over R1-billion, plus interest, for the outstanding electricity account.

When the case was heard on 4 June, the City and City Power owed Eskom a total of R3.4 billion.

Joburg council counterclaimed against Eskom, arguing that they were incorrectly billed.

Eskom has written to the CoJ and City Power, demanding full payment by Friday.

Paid Content