Municipal debt to Eskom to reach R30bn by first quarter of 2020
Municipalities owed the struggling power utility R26.4bn as at September; the figure was at R1.2bn in 2013
03 December 2019 - 18:10
Municipal debt to Eskom continues to escalate by R1bn a month with government officials tasked with addressing the issue seemingly offering little solutions, Eskom acting CEO and chair Jabu Mabuza said on Tuesday.
He suggested that the main issue to be tackled is the culture of non-payment. He said between March and September 2019 the amount municipalities owed to Eskom had gone up by R6bn. “If one looks at this trend-line, by the end of the financial year, this debt will be at R30bn,” Mabuza said...
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