Posts tagged with 'Soweto'

 

Eskom – in return for R59bn bailout from National Treasury, Eskom must recover Soweto, municipal debt

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National Treasury is set to impose 28 conditions on Eskom in return for a R59bn lifeline to keep the cash-strapped power utility afloat and enable it to pay interest on its mounting debt burden.

Treasury updated Parliament’s appropriations oversight committee on the conditions attached to an appropriations bill on Wednesday. The bill, which has not yet been passed by Parliament, grants R59bn to Eskom over two years. This is in addition to R69bn over three years announced by Finance Minister Tito Mboweni in his maiden February budget.

In addition to regular and detailed reports of all its finances, Treasury has stipulated the utility needs to recover all debt owed to it by errant municipalities, national department and corporations, including Soweto.

“Eskom cannot provide electricity and not collect debt,” Treasury’s acting director-general of the assets and Liabilities Tshepiso Moahloli told MPs. “Members, we know that
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#Blackprivilege: Soweto residents want to pay a flat rate of R100 per month for unlimited electricity – We all do!!

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While Eskom is drowning in debt and struggling to make ends meet, Soweto residents say they want their debt written off and to only pay R100 per month for unlimited electricity.

Eskom currently supplies 135,000 Soweto residents with power, but only 12% of these customers pay for electricity.

This non-payment has seen Soweto’s debt to Eskom increase from R3.6 billion in 2014 to its current level of R18 billion.

To alleviate this debt burden, Eskom is threatening to disconnect non-paying customers, remove illegal connections, and move more houses to prepaid electricity.

Soweto residents fighting back
Soweto residents, however, are having none of Eskom’s debt-collection and disconnection plans and are demanding that the power utility writes off their debt.

These residents argue that they cannot afford to pay for electricity, let alone pay off the money they owe to Eskom.

Instead, the residents proposed that they be ch
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SA’s largest township owes Eskom R17 billion – Soweto residents respond: Hell no, we won’t pay for electricity!

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City Press visits Soweto and asks residents why they don’t pay for their electricity and how they could help Eskom to recoup the R17 billion owed by the people who live in SA’s largest township.

On Wednesday morning, as load shedding hit the township of 1.3 million residents, small businesses were losing money, and children had been sent home by their teachers, who said they couldn’t teach in a blackout.

While some people City Press spoke to paid their electricity bills and knew that their nonpaying neighbours were contributing to the crisis, others were steadfast in their refusal to pay for the power they used.

I pay because we have to

Sibongile Nyathi (40), who has been selling kota in Rockville for seven years, says she pays her electricity bills because, if she doesn’t, her small business will suffer.

“I can’t live without electricity, so it is important for me to pay. I am encouraging people of Soweto to also pay f
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Soweto owes ESKOM R 17 billion, half of the total national debt – Just cut their bloody electricity to this township!

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ESKOM is desperately trying to recoup money owed by municipalities – Soweto, in particular, is making that task all the more difficult.

ESKOM, South Africa’s national electricity provider, had an exceptionally shocking year in 2018. Financial losses reached dismal new depths. Irregularities, both fiscally and operationally, left the state owned enterprise floundering in the doldrums of gross incompetence. Dubious coal shortages, failed maintenance plans, industrial action and the lingering stench of corruption only added to ESKOM’s woes.

ESSKOM looks to recoup its losses:

Inevitably, ESKOM’s problems become the problems of South African citizens. The much-loathed load sheddingschedule made an ominous return. This year, the knock-on effects of ineptitude will be felt the hardest, as the power utility looks to increase the cost of electricity by at least 15%.
The tariff increase is an attempt to rebuff financial failings – to incre
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Soweto owes Eskom R17 billion, half of the total national debt – Still the lights or on! But if citizens residing in towns do not pay their municipality bill the electricity gets disconnected without hesitation

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How is Eskom going to increase its financial yield while still struggling to retrieve the R34 billion it is currently owed by defaulting municipalities?

Eskom is desperately trying to recoup money owed by municipalities – Soweto, in particular, is making that task all the more difficult.

Eskom, South Africa’s national electricity provider, had an exceptionally shocking year in 2018. Financial losses reached dismal new depths. Irregularities, both fiscally and operationally, left the state owned enterprise floundering in the doldrums of gross incompetence. Dubious coal shortages, failed maintenance plans, industrial action and the lingering stench of corruption only added to Eskom’s woes.

Eskom looks to recoup its losses
Inevitably, Eskom’s problems become the problems of South African citizens. The much-loathed load shedding schedule made an ominous return. This year, the knock-on effects of ineptitude will be felt the hardest, as
Continue reading…

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