City of Johannesburg secured a R3.8 billion loan from German to address financial distress related to Eskom debt.

The entities involved

• Johannesburg →

  largest city in South Africa

  • Soweto is a township located within the borders of South Africa.Mon 15:02
  • In 2019, Ramaphosa established the IMTT to address issues in Alexandra township, involving Gauteng and Johannesburg governments.Mon 09:28
• Eskom →

  electricity utility in South Africa

  • Eskom is facing debt from the local municipality of Makhanda.Mon 13:19
  • Minister Kgosientsho Ramokgopa addressed the Eskom tariff increase on September 8, 2026.Sat 11:26
• German →

  village in Stolichna municipality, Sofia Capital oblast, Bulgaria

  • A film is being made that is based on a German fable and is set in Janesville’s Fourth Ward.Mon 02:37
  • Backstreet Boys announced their international residency tour in Germany using Instagram.Sat 01:58

Related events

• The financial crisis involving Johannesburg and Eskom is ongoing, with Eskom owed R1.5 billion plus R5.2 billion in arrears, and the Gauteng provincial government holding responsibility for the city's issues.Jun 7
• Eskom's historical debt is noted as a contingent liability on the South African government, impacting the nation's creditworthiness.Sep 3
• The World Bank lent money to Eskom for the Medupi project, while Eskom produces 80% of South Africa's electricity.Sep 2
• Municipalities are accruing debt to Eskom.Jul 7
• Funding shortfalls are causing financial strain on Eskom and leading to issues with municipal solvency.Aug 27