Zimbabwe pays off Eskom debt

Hanno Labuschagne

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Zimbabwe pays off Eskom debt

Zimbabwe has paid the $33 million debt it owed to South Africa’s Eskom Holdings SOC Ltd., the country’s energy minister said.

“We will now have to re-engage for additional power supplies,” Fortune Chasi, the minister, said by phone on Monday.

[Bloomberg]
 

Gazg

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Which tree did they pick the money off all of a sudden........I need to find it.
 

krycor

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Nice.. close to R600m if they waited till rand tanked.. even if they waited till R500m.. that’s maintenance money for Eskom we’d hope.

Probably someone getting a bonus for accounts settled.
 
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pinball wizard

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So does this mean NERSA can tell eksdom to effff off when they ask for a tariff hike?
 

Ken Nakamura

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what this means is that when covid19 is over and loadshedding comes back we will get to taste stage 7 or 8 because we cannot cut power to our friend zimbabwe
 

neoprema

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I hope Eskom is hard at work doing maintenance, and sending out less useless tweets telling us they have enough power during lockdown when everything is closed and turned off.
 

thechamp

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what this means is that when covid19 is over and loadshedding comes back we will get to taste stage 7 or 8 because we cannot cut power to our friend zimbabwe
Please stop with the nonsense, Eskom has a 400MW contract with Zimbabwe, out of that only 50MW is firm power, meaning Eskom can take back the 350MW if we need it.
 

thechamp

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I hope Eskom is hard at work doing maintenance, and sending out less useless tweets telling us they have enough power during lockdown when everything is closed and turned off.
They are not, they are also curtailed by the lockdown, meaning they cannot go full steam ahead on maintenance.
 

clickingbuttons

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They are not, they are also curtailed by the lockdown, meaning they cannot go full steam ahead on maintenance.
A very cunning move by our president. About as well thought out as banning the sale of light bulbs during the shutdown.
 
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