This is according to figures presented to parliament's standing committee on appropriations on Wednesday night by Kgothatso Tlhakudi, acting director-general of public enterprises, as well senior officials from the National Treasury.
The government wants EFC disposed of from Eskom's business model as part of the unbundling of the utility, arguing that it is non-core to the mandate of the electricity generator.
The acting DG of public enterprises said despite Eskom making several concessions on its municipal debt recovery strategy, there had been no"material change" in the payment behaviour of municipalities. "Despite certain concessions that Eskom has made to municipalities, the situation is not improving. There are measures that Eskom has put together to try and reduce the burden on municipalities, including placing the debt in a suspense account," said Tlhakudi.
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