FORMULA FOR FAILURE OP-ED: Fenced in — why City Power’s ‘ringfencing’ in Joburg is a 30% revenue grab

Chris Yelland · Daily Maverick

Published 1 Oct 2026, 9:31 am·6 d ago·1 min read

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City Power’s new 70/30 revenue split isn't ringfencing; it’s an arbitrary top-line tax. Without structural funding reform, Johannesburg’s power utility faces guaranteed insolvency.

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FORMULA FOR FAILURE OP-ED: Fenced in — why City Power’s ‘ringfencing’ in Joburg is a 30% revenue grab

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