Story perspectives

Eskom Grants Johannesburg 30-Day Pause Over R5.3bn Debt

6/23/2026

Summary

Story summary

Eskom resumed PAJA after Johannesburg missed its June 5, 2026 R5.3 billion payment, threatening supply cuts.
Minister Kgosientsho Ramakgopa gave a 30-day reprieve, but the city has paid only R1.2 billion, leaving a R4.1 billion balance.
GCR Ratings placed the city on rating-watch negative in April 2026 because of a R3.9 billion overspend and revenue gaps.
President Cyril Ramaphosa highlighted R200 billion infrastructure backlogs and confirmed an independent transmission operator to own grid assets.

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Story summary

Eskom resumed PAJA after Johannesburg missed its June 5, 2026 R5.3 billion payment, threatening supply cuts.
Minister Kgosientsho Ramakgopa gave a 30-day reprieve, but the city has paid only R1.2 billion, leaving a R4.1 billion balance.
GCR Ratings placed the city on rating-watch negative in April 2026 because of a R3.9 billion overspend and revenue gaps.
President Cyril Ramaphosa highlighted R200 billion infrastructure backlogs and confirmed an independent transmission operator to own grid assets.