When the National Treasury announced its plan to write off R57bn of municipal arrears to Eskom in exchange for insisting municipalities practise proper financial management, the FM was sceptical.

So, it is with some relief that we note there has been strong take-up of the plan. As of December 2023, 72 applications had been submitted to join the scheme, totalling R56.7bn or 96.9% of the municipal debt owed to Eskom...

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