The Public Interest South Africa organisation is concerned about the worsening municipal debt crisis, which is now affecting Eskom’s financial situation. Recent reports show that many municipalities are failing to meet their debt obligations. Chairperson of Public Interest SA, Tebogo Khaas, spoke to eNCA. #TheSouthAfricanMorning #eNCA #DStv403

Electricity Minister Kgosientsho Ramokgopa says there is a way to shave off 6% off proposed power tariffs.

He says this can be done by staving off carbon tax and recouping municipal debt.

He was briefing a Parliamentary Portfolio Committee alongside energy regulator, Nersa. #eNCA #DStv403 #questionthinkact

FULL INTERVIEW HERE: https://www.enca.com/videos/discussion-restore-power-grid-sorting-out-municipal-debt-can-reduce-tariffs

The crisis of municipal debt to water boards may lead to some of the entities being bankrupt. As of June this year the municipal debt to water boards is at over R22 billion with an average increase of 151% between 2019 to 2024. Some of the boards for example the Vaal Central Water and Magalies Water, face bankruptcy in the next six to 12 months.

For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.

President Cyril Ramaphosa has committed himself to dealing with ballooning municipal debt. Electricity Minister Kgosientsho Ramokgopa says municipalities owe Eskom 78-billion rand. The President says the money is needed to secure the grid. #enca #dstv403

For more news: https://www.enca.com/

Municipal debt to Eskom has come under the spotlight following the recent admission by the Electricity and Energy Minister Dr Kgosientsho Ramokgopa that the power utility may not be able to recover all the monies owed. To date, municipalities owe Eskom R78 billion. According to the minister, the debt to Eskom must be urgently addressed to protect the power utility’s ability to fulfil its mandate.

For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.