Debt owed to Eskom may balloon to R36 billion - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABC News Online
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Debt owed to Eskom may balloon to R36 billion Eskom has warned that debt owed is likely to balloon to R36 billion by the end of next year, if municipalities fail to pay.

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:

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 32. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Investigation exonerates Stellenbosch University Rector - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.An independent investigation has exonerated the Rector of Stellenbosch University, Professor Wim de Villiers, of attempting to interfere in the Constitutional Court litigation related to the University's 2016 Language Policy. Has helenzille cared to comment and maybe (!) apologised yet? Take note waldimar you did a hatchet job on this.
Source: SABC News Online - 🏆 32. / 51 Read more »

Cricket SA apologises to journalists - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Cricket SA apologises to journalists Cricket South Africa’s (CSA) embattled Chief Executive, Thabang Moroe, has personally apologised to the journalists who had their accreditation revoked on Sunday. This thief must be arrested Don't apologise, resign. Why is SABC3 not showing today's MSLT20 match?😔
Source: SABC News Online - 🏆 32. / 51 Read more »