Share

Eskom confirms Zim paid back some of the money

Eskom has confirmed that payment from Zimbabwe regarding outstanding debt is reflecting in the power utility's account. 

Earlier on Tuesday, Fin24 reported that Zimbabwe Energy minister Fortune Chasi posted proof of the country's US$10m (about R139m) payment to Eskom on Twitter. The country has been suffering power outages due to outstanding debt. 

Eskom is owed a total of US$33m from Zimbabwe. On Tuesday afternoon, it said in a statement that it had received a payment from Zimbabwean authorities, but did not name the amount.

"Discussions will continue with the Zimbabwe Electricity Supply Authority (ZESA) to find a mutually beneficial solution to the outstanding debt. Eskom is a commercial operation and will be guided by the contracts we have in place with ZESA," Eskom's statement read. 

In his Twitter post, Chasi also said that further discussions with Eskom would be needed, as the repayment of debt did not guarantee power supply.

"Whilst we have paid US$10m, this is no guarantee for power. We need to negotiate," he Tweeted.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.09
+0.4%
Rand - Pound
23.62
+0.9%
Rand - Euro
20.33
+0.3%
Rand - Aus dollar
12.25
+0.4%
Rand - Yen
0.12
+0.3%
Platinum
942.30
-0.9%
Palladium
1,023.00
-0.6%
Gold
2,395.31
+0.7%
Silver
28.74
+1.8%
Brent Crude
87.11
-0.2%
Top 40
67,314
+0.2%
All Share
73,364
+0.1%
Resource 10
63,285
-0.0%
Industrial 25
98,701
+0.3%
Financial 15
15,499
+0.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders