Eskom and the City of Johannesburg are facing a financial crisis, with R5.2 billion owed and a search for partnerships to resolve service issues.
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Updated sep 22
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What happened
Eskom and the City of Johannesburg are facing a financial crisis, with R5.2 billion owed and a search for partnerships to resolve service issues.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- A partnership between private firms is restoring infrastructure in Johannesburg, driven by failing municipal services and civic action.Sub-event
CoJ's debt to Eskom has risen to R7 billion, escalating the financial crisis.1 source
- City of Johannesburg secured a R3.8 billion loan from German to address financial distress related to Eskom debt.Sub-event
- Eskom is the creditor for the City of Johannesburg's outstanding debt as of May 27, 2026.Sub-event
City Power tariffs are rising due to Eskom's cost increases, and the City allocated R21.6bn for investment.1 source
R5.2 billion owed by CoJ and City Power; seeking partnerships to resolve service issues.1 source
Johannesburg owes Eskom an outstanding debt of R111bn.1 source
Intervention established a partnership with City Power amid R5.2 billion debt threatening power supply.1 source
Show 1 earlier step
City budget failure and inability to settle bills forces power cuts in Johannesburg.1 source
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The entities involved
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Eskom
electricity utility in South Africa
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Johannesburg
largest city in South Africa
Related events
Coverage
Newest first; wire copies grouped- dailymaverick.co.za
- citizen.co.za
- businessday.co.za
- sowetan.co.za
- sanews.gov.za
- sowetan.co.za
- businessday.co.za
- news24.com
- citizen.co.za