Monday, 2 December 2024: Eskom is pleased to announce that the City of Tshwane has established a payment arrangement plan to resolve its outstanding debt amounting to R6,661,123,246 (Six billion, six hundred and sixty-one million, one hundred and twenty-three thousand two hundred and forty-six) owed to the power utility.

Previously, Eskom initiated legal proceedings against Tshwane over overdue payments for bulk electricity supply, with hearings scheduled for 26 and 27 November 2024. However, both parties met and successfully agreed on a five-year payment plan, which was subsequently formalized as a court order on 26 November 2024.

Under the terms of the payment plan, the City of Tshwane will make an initial payment of R400 million in December 2024, with the final payment anticipated in March 2029.

The payment arrangement is subject to the following conditions:
• All current accounts must be fully paid by their due dates (within 30 days),
• If the City of Tshwane fails to comply with the payment plan or maintain current account payments, the arrangement will be terminated, and the total outstanding amount will become immediately due to Eskom.

“We are pleased to have worked closely with the City of Tshwane to achieve this resolution,” said Monde Bala, Eskom Group Executive, Distribution. “This agreement is crucial for ensuring Eskom’s sustainability, which in turn supports the economic development of South Africa while reducing the financial load on taxpayers,” he added.

ENDS