Eskom Denies Reports That Zimbabwe Paid US$10 Million For Electricity

South Africa’s Power Utility, Eskom has denied reports that it has received a US$10 million payment from Zimbabwe.

According to a report by a South African online publication, Fin24, Eskom group CEO Phakamani Hadebe has refuted those claims. The report reads:

Eskom said in a statement on Friday that it was yet to receive any money from Zimbabwe as of 15:00 on Friday.

Fin24 reported on Monday that the Zimbabwe government said it would this week pay US$10m to Eskom as part of plans to unlock at least 400MW to ease power shortages in the country.

… “We will be paying Eskom US$10m this coming week”, Finance Minister Mthuli Ncube told an informal media briefing Sunday.

Eskom group CEO Phakamani Hadebe, however, indicated in the latest statement that only once Eskom has received the funds, will it then enter into further discussions with Zesa.

More: Fin24


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Mthuli Ncube

Professor Mthuli Ncube is the Minister of Finance and Economic Development.He was the Chief Economist and Vice President of the African Development Bank ,financial, economics, investment, and public policy expert, entrepreneur and academic. Professor Ncube divides his time between the private sector in Switzerland and... Read More About Mthuli Ncube

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