The budget points to state-owned entity bailouts as a key driver of South Africa’s increasingly constrained fiscal position
Eskom debt down R5.5bn, but balance sheet pressure is high
‘Cost-reflective tariffs’ and resolving municipal debt are needed to turn Eskom around
In a meeting with Parliament’s Standing Committee on Public Accounts, councils blamed the growing debt on ineffective revenue collection systems
The top 10 defaulting municipalities owe Eskom billions, and a parliamentary committee has resolved to find out why they are not paying their debts
The Local government Association declared a dispute with Treasury to release of R1-billion to 39 municipalities whose funding is being withheld.
Johannesburg | Friday 11.00am. Zimbabwe’s electricity debt to Eskom has hit R126.9m some of which is more than three months over due and concern is rising that South Africa will be left bearing its northern neighbour’s debt burden. Zimbabwe is under contract to pay its power supply account within 45 days but some payments are […]
The electricity and energy minister warned that the debt prevents the power utility from investing in infrastructure
The treasury is looking to enforce strict conditions on the power utility, which is viewed as a major risk to the country’s economic outlook
So far, only 28 municipalities have been approved to participate in the programme