THE UGLY

Finweek English Edition - - In Brief -

At the end of Septem­ber, de­fault­ing mu­nic­i­pal­i­ties owed Eskom R17bn, re­ported This has re­sulted in Eskom cut­ting off elec­tric­ity sup­ply to en­tire towns. This, in turn, re­sulted in busi­nesses go­ing to court to have power re­stored, ac­cord­ing to the pa­per. In No­vem­ber, min­is­ter of co­op­er­a­tive gov­er­nance and tra­di­tional af­fairs Zweli Mkhize ap­peared be­fore Par­lia­ment’s stand­ing com­mit­tee on pub­lic ac­counts to re­port on this stand-off. Among other things, he asked the panel to deal with the restruc­tur­ing of the debt and the billing of mu­nic­i­pal­i­ties by Eskom. While “there was agree­ment on the need to in­stall pre­paid me­ters, how to re­struc­ture the debt has not been re­solved”, said the pa­per.

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