EDITORIAL: Do municipalities have what it takes to change?
Municipalities are queuing up for the Eskom debt write-off scheme — but how many of them can comply with the terms?
17 April 2024 - 06:00
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...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
This article is free to read if you sign up or sign in.
If you have already registered or subscribed, please sign in to continue.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.