has warned that debt owed is likely to balloon to R36 billion by the end of next year, if municipalities fail to pay.was briefing Parliament’s Standing Committee on Public Accounts in Cape Town on the debt owed to Eskom.
Mabuza told the committee that a team of senior ministers mandated to resolve the debt situation between Eskom and municipalities has failed to settle the matter, despite numerous meetings Eskom has been sinking in debt.“The unfortunate part is when you look at the statistics, what was owed to Eskom was R9.8 billion in February 2017 as at October it is R26 billion. What is more worrisome chair between March 2019 and September 2019, this debt has gone up by another R6 billion.
Several meetings between Inter-Ministerial Task Team, the defaulting municipalities and Eskom have not yielded any results. Scopa Chairperson Mkhuleko Hlengwa says it means the Task Team has failed to perform its mandate. “What is clear the yard stick measure for us on the success of the IMTT would have been reduction in debt, it didn’t happen so as far as we are concerned it was a failure.”Click below for more on Eskom:
Why we always shouting in south Africa government do your job or stand asides we the people we are suffering because of your useless politics.
It is the water debt that should worry us.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: SABC News Online - 🏆 32. / 51 Read more »
Source: SABC News Online - 🏆 32. / 51 Read more »