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

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.

Published Sep 30, 2026 · 9:00 PMOriginal source: Daily Maverick5 reads
FORMULA FOR FAILURE OP-ED: Fenced in — why City Power’s ‘ringfencing’ in Joburg is a 30% revenue grab
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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Daily Maverick

This report is indexed by BAGANBAZAR GRAPH with its original publisher named and linked for readers.

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