Municipal debt write-offs will not affect balance sheet, says Eskom
‘It is anticipated the successful implementation of the municipal debt arrangement will improve Eskom’s balance sheet,’ the Treasury says
25 October 2023 - 05:00
Eskom will receive no additional reimbursement from the Treasury over and above the proposed Eskom debt relief support package of R254bn announced in the February budget, to cover the write-off of debt owed by municipalities.
Municipalities that have so far been approved to have their Eskom debt written off represent about 40% of the R64bn in arrear debt owed to the state-owned power utility, but this number could still increase as municipalities have one more week to apply for the Treasury’s Eskom municipal debt relief programme...
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