Ramokgopa: Municipal debt to Eskom at R90bn
Electricity
Minister Kgosientso Ramokgopa says the municipal debt owed to Eskom has grown
by R12 billion in the past three months.
He says it brings the total owed to the utility to a staggering R90 billion.
"Essentially, you are seeing an average increase of debt owed to Eskom of about R3 billion per month."
He says defaulting municipalities are struggling to meet their financial obligations.
Speaking in Johannesburg on Monday, he added that the underperformance of the economy is partly to blame.
"The haemorrhaging of skills at a local government level, the inability for us to ensure that there is completeness of billing, the inability to ensure that there's accurate billing, ineffective credit control measures and all of these things have resulted in municipalities' revenue base contracting significantly.”
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