"When running at a loss, you can't do your work properly, can't do upgrades and carry out essential maintenance.
"You also start raiding other sources of income and cut back on work that is not essential for that moment."
The entity currently has a R44 billion infrastructure backlog for refurbishments and replacement of ageing equipment and resources. Spokesperson for City Power Isaac Mangena admits the entity does not have the budget to eliminate the backlog.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
CRACKERJACK CRICKET betway
SA20: MARKRAM IS CONFIDENT SUNRISERS CAN MAKE IT THREE-IN-A-ROW
A Cost-Effective Bundle
Strategic Move: Outsourcing Payroll and Recruitment Solutions for SMEs
Strict vetting is now a must
Royal AM are the latest Premier Soccer League club facing extinction, bringing back into focus the Premier Soccer League's process in allowing the purchase of club franchises.
Strike two as Gonzalez downs Bucs
Darwin Gonzalez was again the hero for Cape Town City as they edged Orlando Pirates 1-0 in a Betway Premiership match at the Cape Town Stadium last night.
A Duba brace sinks Stellies
Wandile Duba (above) grabbed a well-taken double as Kaizer Chiefs secured an encouraging 2-1 Betway Premiership win over Stellenbosch FC at FNB Stadium last night.
Crucial for Bulls to snap losing streak
When the Bulls play against Castres Olympique in the Champions Cup on Saturday they will take the field after six weeks without a win in any competition.
Mission: Keep Dupont at bay
SHARKS: STRATEGY TO 'NEUTRALISE' TOULOUSE KINGPIN
France coach to quit in 2026
France's 2018 World Cup-winning coach Didier Deschamps (above) announced yesterday he will leave his post after the 2026 tournament in North America.
Novak is facing his ultimate test
OZ OPEN: DETERMINED TO SEE OFF THE YOUNG BRIGADE
Isak gets Magpies in the front door
Newcastle took a giant stride towards the League Cup final as goals from Alexander Isak (right) and Anthony Gordon earned a 2-0 semifinal, first-leg lead at Arsenal on Tuesday.