Money

Eskom warns prepaid customers: Settle accounts or face fines and criminal charges


Eskom, South Africa’s state-owned electricity supplier, has issued a strong reminder to prepaid customers to settle their outstanding accounts promptly to avoid potential fines or even criminal charges.

The utility has emphasized that customers who fail to pay their prepaid accounts may face legal consequences, including penalties or prosecution.

This move is part of Eskom’s broader strategy to address financial challenges and ensure the financial sustainability of the power grid.

Prepaid customers are urged to monitor their accounts closely and make payments on time to avoid disruptions in service or legal repercussions.

Eskom’s latest directive underscores the importance of financial responsibility as the utility continues its efforts to recover revenue and maintain a stable power supply.

In addition to these penalties, Eskom is likely ramping up efforts to curb non-payment, which has been an ongoing issue affecting the utility’s financial health.

Also Read

Major water outage in Johannesburg leaves residents stranded

Global trade set to hit $33 trillion in 2024: Resilience amid challenges

 

theafricalogistics

Recent Posts

Understanding ETFs: How to Build a Low-Cost, Diversified Portfolio

In the world of investing, diversification is key to managing risk and optimizing returns. One…

6 mins ago

The future of healthcare stocks: What you need to know

The healthcare sector has long been seen as a stable and essential part of the…

11 mins ago

5 dividend stocks to build passive income in 2024

Building passive income through dividends is a time-tested strategy for investors seeking steady cash flow…

19 mins ago

Why the African market is the next big opportunity for investors

Africa, with its vast and diverse economy, is becoming increasingly recognized as a key global…

26 mins ago

DAX Volatility: Understanding the causes and what lies ahead

The DAX index, Germany’s benchmark stock market measure, has been riding a wave of volatility…

2 hours ago

Google to Cut 10% of Managerial Workforce, Signaling a Shift Towards Efficiency

In a significant move to streamline operations, Google CEO Sundar Pichai has confirmed that the…

2 hours ago