The government’s R254bn debt relief package for Eskom envisages the utility writing off municipal arrears under strict conditions and with the guidance of the Treasury.
South Africa’s National Treasury extended the closing date for municipalities to apply for relief on debts owed to the state power utility until the end of October. The government’s R254 billion debt relief package for Eskom envisages the utility writing off municipal arrears under strict conditions and with the guidance of the Treasury. Electricity Minister Kgosientsho Ramokgopa said on Monday towns and cities owe the power company at least R64 billion and the amount is growing.
South Africa has been subjected to outages since 2008 because Eskom is unable to meet demand for power from its old and poorly maintained plants. © 2023 Bloomberg
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