Eskom confirms Zim paid back some of the money

accreditation

Eskom has confirmed that payment from Zimbabwe regarding outstanding debt is reflecting in the power utility's account. 

Earlier on Tuesday, Fin24 reported that Zimbabwe Energy minister Fortune Chasi posted proof of the country's US$10m (about R139m) payment to Eskom on Twitter. The country has been suffering power outages due to outstanding debt. 

Eskom is owed a total of US$33m from Zimbabwe. On Tuesday afternoon, it said in a statement that it had received a payment from Zimbabwean authorities, but did not name the amount.

"Discussions will continue with the Zimbabwe Electricity Supply Authority (ZESA) to find a mutually beneficial solution to the outstanding debt. Eskom is a commercial operation and will be guided by the contracts we have in place with ZESA," Eskom's statement read. 

In his Twitter post, Chasi also said that further discussions with Eskom would be needed, as the repayment of debt did not guarantee power supply.

"Whilst we have paid US$10m, this is no guarantee for power. We need to negotiate," he Tweeted.

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you 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.
Subscribe to News24
Rand - Dollar
15.50
-0.8%
Rand - Pound
21.08
-0.5%
Rand - Euro
17.56
-0.1%
Rand - Aus dollar
11.14
-0.4%
Rand - Yen
0.14
-0.8%
Gold
1,815.20
-0.2%
Silver
23.50
+2.1%
Palladium
1,903.23
+1.3%
Platinum
988.00
+1.2%
Brent Crude
86.48
+0.5%
Top 40
68,282
-0.9%
All Share
74,956
-0.9%
Resource 10
74,510
-0.3%
Industrial 25
94,294
-1.4%
Financial 15
15,338
-1.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot