The City of Tshwane’s Finance MMC, Peter Sutton, says the majority of itsIt follows Eskom’s request that the Department of Cooperative Governance and Traditional Affairs intervene – as the city’s electricity debt has ballooned to R1.4 billion.“The main problem that we sit with is the liquidity challenge that we are facing.
“So, it is not a deliberate matter, we have opened our books to Eskom. We are not hiding anything but we are actively working to find a financial solution that we need. We will be settling most or the majority of that R1.4 billion by 31 January and continue to find a proper solution and other interventions will also follow,” adds Sutton.
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