(Bloomberg) -- Johannesburg, South Africa’s biggest city, needs 26 billion rand ($1.6 billion) to stabilize power supply, Mayor Mpho Phalatse said.
However, the city only has 7.7 billion rand for a budget that includes other infrastructure such as water supply, she said at an energy conference on Monday.
South African cities have been hit by intermittent power outages since 2008 because Eskom Holdings SOC Ltd., the state power utility, can’t meet demand.
©2022 Bloomberg L.P.
BNN Bloomberg Picks
Spotify's billion-dollar bet on podcasting has yet to pay off
'Hotdogs instead of steaks:' What your Canada Day BBQ will cost with hot inflation
In tight rental market, here's how to prepare for potential increase at renewal
27% of homeowners have a HELOC, half paying down principal: Poll
Beer made from recycled toilet water wins admirers in Singapore
Some Canadian companies expand benefits for U.S. workers after Roe v. Wade overturn