Eskom to Assume Control of Electricity Distribution in Debt-Ridden South African Municipalities

Eskom is set to take over the electricity distribution in South African municipalities that collectively owed the state utility $5.4 billion by the end of last year. Bloomberg posted on X, highlighting the financial challenges faced by these municipalities and the measures being implemented to address the situation. The decision comes as part of efforts to stabilize the utility's financial position and ensure consistent power supply across the affected regions. Eskom's move is seen as a crucial step in managing the debt crisis and improving service delivery in the municipalities involved.