The annual event started in 2015 to raise funding for 250 children at the home and takes place throughout December.
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Outgoing CEO André de Ruyter made the prediction on Friday during the announcement of the financial results for the year ended March 2022. During that financial year the utility reported a net loss of R12.3 billion.
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Municipal debt jumped from R35 billion in the previous financial year – accounting for an increase of 27%.
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This follows the recent floods that wreaked havoc in the township.
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Eskom on Friday announced a downgrade of load shedding on Christmas eve.
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The pair was nabbed at a house in Meltonrose near Eersteriver.
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Friday, a day before Christmas eve, is expected to be one of the busiest days on the roads, and drivers are warned of high traffic volumes on major routes.
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The students are enrolled in various courses including aviation, engineering, medicine and information technology.
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This led to the municipalities' power supplies being severely restricted and residents plunged into a "human and environmental catastrophe”.
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The left-arm quick and attacking middle-order batsman was among a selection of the world's top cricketers going under the hammer this year.
