Eskom
Deputy Finance Minister David Masondo proposes that Eskom's R146 billion debt be forgiven by investors to allow the power utility to meet climate targets.
Eskom has offered Soweto residents an olive branch by reducing the R12.8 billion owed by R5 billion. This would still leave an outstanding bill of R7.5 billion.
The Soweto Electricity Crisis Committee is demanding that Eskom writes off all historical debt amounting and for a flat rate payment system to be implemented.
Eskom has won a R1.3 billion judgement against a local municipality called Emfuleni. The money was reportedly owed as Emfuleni had not paid its debt to Eskom.
According to Eskom Ceo Andre de Ruyter, South Africans should expect an increase electricity tariffs in the future as Eskom tries to bring down its high debt.
The 6.7% decrease in sales also saw Eskom successfully lowering its overall gross debt by R81.9 billion, equating to 16.9% and bringing gross debt to R400bn.
South Africa's state-owned power utility Eskom has plan to invest over R100 billion in the generation of wind and solar power facilities over the next few years
Power utility Eskom issued a warning that rotational power cuts would be implemented at short notice due to the loss of four generating units on Thursday.
Eskom will be attempting to follow a greener energy system path in order to reduce its carbon emissions, which currently account for nearly half of Africa's.
Eskom
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