Crippled by debt and crime, City Power needs urgent reform, says report
Crippled by debt and crime, City Power needs urgent reform, says report
City Power, the entity that keeps Johannesburg’s lights on, is R20bn in the red and spends at least R2bn more than it collects in income. It also loses at least 42% of the electricity it buys from Eskom, mostly through theft and vandalism.
City Power, the entity that keeps Johannesburg’s lights on, is R20bn in the red and spends at least R2bn more than it collects in income. It also loses at least 42% of the electricity it buys from Eskom, mostly through theft and vandalism.
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