{"id":242281,"date":"2022-11-08T10:28:51","date_gmt":"2022-11-08T08:28:51","guid":{"rendered":"https:\/\/www.myza.co.za\/non-payment-of-municipal-debt-affect-eskom-liquidity\/"},"modified":"2022-11-08T10:28:51","modified_gmt":"2022-11-08T08:28:51","slug":"non-payment-of-municipal-debt-affect-eskom-liquidity","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/non-payment-of-municipal-debt-affect-eskom-liquidity\/","title":{"rendered":"Non-payment of municipal debt affect Eskom liquidity"},"content":{"rendered":"
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Eskom says large electricity supply debt racked up by municipalities is negatively affecting its financial performance.<\/p>\n

This after the high court in Pretoria handed down a R1.3 billion order against the Emfuleni Municipality for failing to pay its Eskom current account and arrears.<\/p>\n

\u201cThe overdue debt is impacting negatively on the public utility\u2019s liquidity, financial performance and sustainability, leaving the public utility no option but to borrow in order to meet its financial commitments,\u201d Eskom said.<\/p>\n

According to Eskom, the Emfuleni municipality has failed to pay some of its account \u201cdespite the municipality\u2019s healthy revenue collection of about 90%\u201d from customers.<\/p>\n

\u201c[Eskom] has started with the execution steps against the municipality to recover some of the municipality debt including attaching the local authority\u2019s bank accounts and moveable assets. Emfuleni Municipality is currently indebted to Eskom to the amount of R5.3 billion despite several litigations brought by the power utility since March 2018 to get the municipality to service its account,\u201d Eskom said.<\/p>\n

Furthermore, the power utility said it has served the municipality a summons for non-payment of its R3.4 billion bulk electricity supply bill.<\/p>\n

\u201cThis resulted in Eskom and the municipality\u2019s customers applying to the court to transfer the municipality\u2019s electricity distribution license or part thereof to Eskom. This application is to be heard in March 2023 and would set a precedence for municipalities failing to pay their Eskom debt and complying with the Electricity Supply Agreements (ESA),\u201d the power utility said.<\/p>\n

Meanwhile, Eskom says stage two load shedding will now be implemented all day, from 9am on Tuesday (today) until further notice.<\/p>\n

The power utility had night load shedding on Monday.<\/p>\n

\u201cThis is necessitated by a breakdown of a Duvha generating unit and a delay in returning to service another Duvha unit. Eskom will provide a further update as soon as any significant changes occur,\u201d the power utility said. \u2013 SAnews.gov.za<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Eskom says large electricity supply debt racked up by municipalities is negatively affecting its financial performance. This after the high court in Pretoria handed down a R1.3 billion order against the Emfuleni Municipality for failing to pay its Eskom current account and arrears. \u201cThe overdue debt is impacting negatively on the public utility\u2019s liquidity, financial […]<\/p>\n","protected":false},"author":1,"featured_media":242282,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[38678],"class_list":{"0":"post-242281","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-south-africa","8":"tag-sanews","9":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/11\/non-payment-of-municipal-debt-affect-eskom-liquidity.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/242281","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=242281"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/242281\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media\/242282"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=242281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=242281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=242281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}