DStv Channel 403 Thursday, 05 December 2024

Municipalities offered relief from Eskom debt burden

 

PARLIAMENT - Municipalities are getting a helping hand when it comes to their Eskom debt.

Many owe the power utility billions of rand in unpaid power bills.

READ: Medium-term Budget Speech | SOEs hoping for bailouts

On application, debt to Ekom up to 31 March 2023 will be written off over a three year period but it comes with terms and conditions.

The announcement was made by finance minister, Enoch Godongwana, who delivered his medium term budget speech in parliament earlier.

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