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VisitJohannesburg Ordered to Pay ZAR 3.4bn to Eskom by High Court
Jun 21, 2024, 12:36 PM
The City of Johannesburg and City Power have been ordered by the High Court to pay Eskom R1.073 billion plus interest for an unpaid account. The total debt owed by the City of Johannesburg and City Power to Eskom is reported to be ZAR 3.4 billion. City Power and the City of Johannesburg plan to appeal the High Court ruling, arguing that the court did not consider all the evidence presented.
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Markets
No • 50%
Yes • 50%
Official statements or press releases from Eskom or City of Johannesburg
Yes • 50%
No • 50%
Official statements or press releases from Eskom or City of Johannesburg
Yes • 50%
No • 50%
High Court decision or official statements from involved parties
Partial Settlement • 33%
Appeal Upheld • 33%
Appeal Dismissed • 33%
High Court decision or official statements from involved parties
Full Payment • 33%
Partial Payment • 33%
No Payment • 33%
Official statements or press releases from Eskom or City of Johannesburg
Less than ZAR 1 billion • 33%
Between ZAR 1 billion and ZAR 2 billion • 33%
More than ZAR 2 billion • 33%
Official statements or press releases from Eskom or City of Johannesburg