Puzzle of Johburg City Power’s loss of more than R1.2bn

Business Report 7 April 2012

Joburg City Power’s loss of more than R1.2 billion in electricity distribution in one financial year has puzzled the chairman of the city’s oversight committee on public accounts.
Committee chair Sicelo Gcabashe said he was shocked that despite more than R16.5 million budgeted to reduce this, the entity’s losses drastically increased…