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Too little, too late, says business about Nersaâs belated interventions.
By Moneyweb
1 Feb 2021 00:01
Image: Waldo Swiegers, Bloomberg
The embattled Emfuleni municipality based in Vanderbijlpark, which owes Eskom about R3 billion, is at risk of losing its licence to distribute electricity.
Electricity sales form one of the biggest sources of income for municipalities and if Emfuleni loses the right to do it, other delinquent municipalities will be very concerned.
Energy regulator Nersa will on Thursday host a public hearing more than a year after business formations from the Vaal areas reliant on Emfuleni for power asked it to urgently address Emfuleniâs non-compliance with its licence conditions.