Africa Business News

South Africa’s electricity minister has raised concerns about the failure of municipalities to settle their bills with the state-owned power company, Eskom. Kgosientsho Ramokgopa says that municipalities owed Eskom 63.2bn rand (£2.6bn). He says this erodes the bottom line of Eskom and means the company is not in a position to respond to the country’s electricity challenges. Mr Ramokgopa added that the debt had increased by 4.7bn rand over the past year. South Africa’s power crisis has been blamed on poor management and corruption.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4166630/advertisement