Municipalities get reprieve over Eskom debt
National Treasury will allow them to have some of the amounts owing written off over three years
03 May 2023 - 19:31
Municipalities will soon get respite from repaying billions of rand owed to Eskom after a decision by the Treasury to have some of the debt written off over three years.
Municipalities owe Eskom about R57bn. Most of the defaulting municipalities did not generate sufficient funding from their operations to sustain the work they had to perform, leaving them “financially gridlocked”, said Sadesh Ramjathan, director of local government budget analysis at the Treasury...
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