Eskom's Financial Struggles: South African Cities Face $5 Billion Debt Crisis
11 hours ago
In a troubling development for South Africa's energy sector, Eskom, the beleaguered state-owned power supplier, is grappling with a significant financial crisis exacerbated by mounting unpaid debts from various municipalities. As cities across the nation owe Eskom nearly $5 billion, the utility's efforts to stabilize its operations and restore reliable power supply are increasingly under threat.
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