Eskom Attaches Emfuleni Municipality's Bank Accounts To Recover R8 Billion

5 Days(s) Ago    👁 35
 

Eskom has attached Gautengs Emfuleni Municipality bank accounts in a bid to recover R8 billion in arrears.

As of the end of August, Emfuleni owes R8,052,093,269.36 for bulk electricity. This amount represents 10% of the total R82 billion owed by municipalities and places Emfuleni among the top three municipalities in debt to Eskom.

The decision follows the municipality's failure to comply with a debt relief program set in place. Eskom explained that the municipality was issued with a notice in July after breaching the Municipal Finance Management Act's Debt Relief Program.

Consequently, the Sheriff of the Court has successfully attached Emfulenis four bank accounts to ensure that the money collected for electricity is paid directly to Eskom, the utility giant said in a statement.

It said the municipality failed to comply with the requirements of the National Treasury debt relief program. The attachment of the bank accounts allows Eskom to receive payment for the electricity it supplies, ensuring continued service to the municipalitys customers.