https://www.engineeringnews.co.za
Africa|Eskom|Water
Africa|Eskom|Water
africa|eskom|water

Municipal debt to Eskom climbs to R17bn

13th November 2018

By: African News Agency

  

Font size: - +

The debt owed to Eskom by South Africa's municipalities continues to grow and had now reached R17-billion, Cooperative Governance Minister Zweli Mkhize told MPs on Tuesday.

"We have noted that debt stood at R14.3-billion and currently has gone up to R17-billion and that's just for Eskom and a similar rise is there for the water aspect," Mkhize said while briefing Parliament's standing committee on public accounts on the work of an advisory panel established to look into the systemic problem of municipalities' debt owed to Eskom and water boards for bulk electricity and water provision.

While the panel had concluded its work "on the electricity side", more work needed to be done on the debt owed to water boards.

Mkhize said a report had been tabled in the interministerial committee (IMC) on governance and administration, and the IMC would meet again this month to process the report and its policy recommendations. 

Some of the recommendations include installing prepaid smart electricity meters, establishing an independent collection agency for muncipal debt and revenue, and reviewing the interest rate charged by Eskom to bring it in line with the Public Finance Management Act which stipulates a standard interest rate must be levied on debt owed to the State.

 

Edited by African News Agency

Comments

Latest News

An image of Maltento CEO Dean Smorenburg, Cape Town mayor Geordin Hill-Lewis and Cape Town premier Alan Winde
Maltento aiming to bolster sustainability efforts
18th March 2024 By: Tasneem Bulbulia

Showroom

SBS Tanks
SBS Tanks

SBS® Tanks is a leading provider of innovative water security solutions with offices in Southern Africa, East and West Africa, the USA and an...

VISIT SHOWROOM 
Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/03/2024)
15th March 2024 By: Martin Creamer
Magazine round up | 15 March 2024
Magazine round up | 15 March 2024
15th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.115 0.164s - 177pq - 2rq
Subscribe Now