The debt relief initiative, launched by the National Treasury and Eskom, aims to support municipalities struggling to pay their electricity bills.
JOHANNESBURG - Municipalities in Gauteng undergoing debt relief are on track to have portions of their debt to Eskom written off.
At a local government summit in Muldersdrift on Wednesday, Gauteng's Finance MEC, Lebogang Maile, provided an update on the progress of the debt relief process.Emfuleni, Rand West City, Mogale City, Lesedi and Merafong are the five municipalities that have applied to have their debt to Eskom written off.Emfuleni Municipality fails to pay salaries after Eskom attaches its bank accounts
Maile said Lesedi and Merafong local municipalities are yet to meet the requirements to qualify for the debt relief programme. "Emfuleni local municipality and Mogale City municipality are still undergoing assessments to determine if they will benefit from their first write-off," he said. Last month, Eskom seized the bank accounts of the Emfuleni municipality, which owes the utility R8 billion, after it failed to comply with the debt relief programme.
Ewn News News Eyewitness News Eye Witness News Latest News News Today Ewn South Africa Ewn-News Primedia+ Primedia Plus Prime Media Plus
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Panic spending’: Eskom given over R40 billion in ‘deviations’ by Treasury in last six monthsEskom were the recipients of R23 billion over three months under a treasury regulation that negates oversight for emergency payments
Read more »
MK Party to lay fraud charges against National TreasuryRamaphosa is accused of concealing an SIU report into a R400 million IFMS tender irregularly awarded by the National Treasury.
Read more »
Privatising the ailing Post Office may be the preferred optionThe beleaguered Post Office is seeking almost R4 billion from National Treasury.
Read more »
Eskom on track to keep load shedding at bay, but Koeberg and Medupi still major headachesRamokgopa remains hopeful about Eskom’s unit generation but Koeberg and Medupi are major headaches for the minister.
Read more »
Western Cape Treasury celebrates 11th consecutive unqualified auditThe Western Cape Provincial Treasury has earned its 11th consecutive unqualified audit opinion for the 2023/24 financial year, reflecting its ongoing commitment to sound financial management.
Read more »
Emfuleni Municipality fails to pay salaries after Eskom attaches its bank accountsEmfulenin municipality owes Eskom over R8 billion, accounting for 10% of the total debt owed by municipalities.
Read more »