Exposed: Municipalities have diverted billions from the poor, depriving them of free basic electricity

Loading player...
A new electricity scandal has erupted in South Africa. Only two in every 10 poor households that qualify for free basic electricity have received it for at least the past five years, with municipalities diverting at least R40bn earmarked for indigents. This has been highlighted by Chris Yelland, one of South Africa's top energy analysts. He speaks to Jackie Cameron about how it is very difficult and often impossible for poor people to register for free basic services and raises the questions about how it is possible that the authorities - from the National Treasury to municipal officials - have not raised the alarm about this situation. Learn more about your ad choices. Visit megaphone.fm/adchoices
10 May 2021 6AM English South Africa Investing · Business News

Other recent episodes

BN Briefing: US Ambassador Bozell's BNC#8 warning; Yardeni's $6,000 Gold call; Sean Peche's wealth-building wisdom

Tonight’s BizNews Briefing opens with new US Ambassador Brent Bozell’s candid message from BNC#8, urging reciprocity and warning that policy uncertainty and geopolitical alignment choices shape investor confidence. We then run through a results-heavy market update led by Harmony, Rainbow Chicken and OUTsurance. Bloomberg follows with Ed Yardeni’s bullish gold…
11 Mar 7AM 10 min