Zimbabwe pays off debt to Eskom, energy minister says

‘We will now have to re-engage for additional power supplies.’
Image: Moneyweb

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. “Our attention will now turn to settling our debt with Mozambique.”

Eskom has electricity capacity available should Zimbabwe, which as suffered daily power cuts for months, request additional supply.

“At this point we have excess capacity, about 7,500 megawatts is available. That’s due to the lockdown,” Eskom spokesman Sikonathi Mantshantsha said by text message.

© 2020 Bloomberg

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let us wait and see if eskom confirms having received the circa R590m – high courts and NERSA then to take note of the windfall debtor payment.

I somehow don’t believe that they have? It’s a humanitarian gesture.
Eskom tell a lot of porkies.

Proof, or it didn’t happen.

Fooled you – the amount quoted is in Zim $ !!

Need serious collateral of hard assets first before selling to them again.

When Mugabe took over from Muzorewa, the the GDP of the country was bigger than that of South Korea. When Samora Machel attended the investiture of Mugabe in Harare he told him: Robert do whatever you want but don’t get rid of your whites.” The rest is history as they say.

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