EDITORIAL: Debt write-offs will do little to fix municipal finance problem
17 April 2024 - 05:00
It is perhaps unfair to call the National Treasury’s debt relief programme for municipalities that owe Eskom a failure before it has even been fully implemented. But it is already clear that even if the programme does succeed in writing off some of the billions of rand in arrears owed, the fundamental problem will remain unresolved.
Since the Treasury initiated the programme for municipalities in May 2023, the amount owed to Eskom has increased by R20bn to R75bn...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.