Johannesburg Settles Eskom Debt
Johannesburg has fully settled an overdue debt of 5.25 billion rand owed to state utility Eskom. The payment averts the risk of power supply restrictions ahead of upcoming municipal elections.
South Africa's largest city Johannesburg has settled 5.25 billion rand ($328 million) in overdue debt owed to Eskom, averting power supply restrictions. The payment follows a government-led mediation process to resolve a long-running billing dispute in the economic hub. The settlement arrives ahead of municipal elections on November 4, where the ruling coalition faces intense political pressure.
