{
  "id": 9138611,
  "title": "City Power and municipality to begin 70-30 revenue split arrangement from 1 October",
  "url": "https://urgent.news/2026/09/22/city-power-and-municipality-to-begin-70-30-revenue-split-arrangement",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-22T11:49:14.000Z",
  "source": {
    "name": "The Citizen",
    "slug": "the-citizen",
    "url": "https://www.citizen.co.za/news/city-power-70-30-revenue-split-arrangement/"
  },
  "original_language": "en",
  "account": "Johannesburg's City Power and the municipality have agreed to a new 70-30 revenue split arrangement, starting from October 1st. Under National Treasury's Trading Services Reform Programme, City Power will now keep 70% of the electricity revenue it collects, while the city will retain the remaining 30%. City Power spokesperson Isaac Mangena confirmed that this change will not alter how residents interact with the entity, as payments will still be collected as usual. The agreement aims to improve City Power's ability to plan and manage its financial obligations, including payments to Eskom, contractors, suppliers, procurement of critical materials, maintenance and repairs, and investment in electricity infrastructure. However, the revenue allocation already exceeds what City Power collects, and the entity is projected to have a revenue shortfall of R3.6 billion for the 2026-27 financial year. With debt levels needing to be addressed, Outa Executive Director Advocate Stefanie Fick emphasized the importance of ongoing financial discipline and transparent revenue management to prevent residents and businesses from being placed at risk.",
  "summary": "City Power says ring-fencing of funds will give it greater ability to plan and manage its financial obligations.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}