SPOKESPERSON SIKONATHI MANTSHANTSHA SAID ESKOM WAS REALLY IN NEED OF the cash SO on TURN THE PARASTATAL’S FINANCIAL TROUBLES AROUND
Eskom said 90% of the cash owed by customers for bulk electricity supply was recovered by municipalities, but an outsized percentage of the cash wasn’t sent to the facility utility’s account.
Eskom further claimed that there was a rise in profit for a few municipalities who ramped up their prices.
In July, the entire amount of cash municipalities owed to Eskom estimated to R31 billion.
Spokesperson Sikonathi Mantshantsha said Eskom was really in need of the cash so on turn the parastatal’s financial troubles around.
He mentioned that the management was getting to make repairs to damages done to the SOE over the past 15 years.
“Certainly nobody at Eskom or within the government, who is honest, can claim that Eskom is fully ready to meet its mandate. If that was the case, we might not even be discussing load shedding.”