'Hard to believe' tweets minister, after Zimbabwe at last pays off debt to Eskom

accreditation

Zimbabwe has paid off all its debts to Eskom and is now in a position to negotiate for a new deal, the country’s Minister of Energy, Fortune Chasi, tweeted on Monday evening.

Eskom in the past threatened to cut off electricity supplies to Zimbabwe after its debt reached $33 million. In August 2019 a deal was reached for partial payments of $890 000 per week towards the settlement of the debt. 

“Hard to believe but ESCOM (ESKOM) has, in fact now been paid off. Eskom was paid the last US$890,000.00 for imports during this week. This means ZESA can now negotiate for additional supplies if available,” tweeted the minister. 

He added that “attention now turns to HCB of Mozambique which at one time was owed US$51m".  

HCB is a reference to Hidroeléctrica de Cahora Bassa, a hydroelectric power producer. 

Eskom spokesperson Sikonathi Mantshantsha confirmed the development. He said Zimbabwe had settled its historical obligations.   

"Eskom can confirm that Zimbabwe's historical has been settled. ZESA's account is now current.  

"Eskom is highly appreciative of the current leadership of ZESA, particularly the late Patrick Chivaura, whose integrity and sense of duty led to this great position in which this account is current for the first time in decades," said Mantshantsha in response to a request from Fin24. 

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed. 
Subscribe to News24
Rand - Dollar
16.45
-1.6%
Rand - Pound
19.83
-1.0%
Rand - Euro
16.72
-0.6%
Rand - Aus dollar
11.56
-0.3%
Rand - Yen
0.12
-1.7%
Gold
1,778.99
-1.3%
Silver
20.26
-2.7%
Palladium
2,159.00
-3.1%
Platinum
937.50
-3.0%
Brent Crude
98.15
-1.5%
Top 40
64,022
+0.0%
All Share
70,741
+0.0%
Resource 10
63,315
-1.2%
Industrial 25
86,967
+0.5%
Financial 15
16,154
+0.6%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders