Eskom attaches assets of Emfuleni municipality after obtaining R1.3bn judgment

has also approached the department of co-operative governance & traditional affairs to assist it with the City of Tshwane, whose debt continues to grow “unabated” despite numerous talks.

Tshwane’s total bill on November 30 is R1.6bn after it failed to pay R886m for September — the amount was due on October 19 — and it is in arrears of R699m, Eskom said.“The Public Finance Management Act requires that institutions recover what is owed to them. It is for this reason that Eskom sought the intervention of Cogta in this matter.

“The power utility relies on municipalities and all its customers to pay their accounts timeously in order for Eskom to continue delivering on its mandate to supply electricity.”

GautengANC and R50 million classroom deep clean lesufi still can't control the EmfuleniLM run by 30%er mafia even though it's under administration ✊🏿

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Murray & Roberts sells entire stake in Gautrain for R1.3bnThe engineering group aims to reduce its debt and ease a cash crunch through the deal
Source: BDliveSA - 🏆 12. / 63 Read more »

Ramaphosa's Thursday appearance before NCOP postponedParliament's spokesperson, Molotho Mothapo, confirmed they received a letter from the presidency, requesting a postponement of Thursday's question-and-answer session. He is goner The media is captured. No question why is it postponed and who granted it. The President does not respect SA or his oath of office . It is hot in the kitchen. Dodge accountability.
Source: ewnupdates - 🏆 30. / 53 Read more »

Eskom debt transfer, grants, and the 2024 election keep S&P cautious on SASocial pressure could lead to fiscal risk from the ANC’s December elective conference, says S&P. Moneyweb SouthAfrica
Source: Moneyweb - 🏆 5. / 77 Read more »

EDITORIAL | Six-month ban on copper trade may spark economic revivalResearchers estimate copper theft at Eskom, Prasa, Transnet and the mining industry exceeds R47bn annually But they leave through our ports we can say we don't know what is going on. We are now producing copper like we have mines how? 👇 criminals As if all these years, they couldn’t come up with a policy framework 💔. Talk about a bunch of useless humans paid millions of rands.
Source: SundayTimesZA - 🏆 47. / 51 Read more »

Thursday Morning SpiceRamaphosa Phala Phala worries escalate. Jack Ma hiding in Japan. Baguette recognition. Elon and Apple make peace. Ronaldo's massive offer. Kendall sizzles.
Source: 2oceansvibe - 🏆 43. / 51 Read more »

EDITORIAL | Six-month ban on copper trade may spark economic revivalResearchers estimate copper theft at Eskom, Prasa, Transnet and the mining industry exceeds R47bn annually. Have they left out every single overhead wire on the poles outside one's house over the last 20 years? Add that to the total. 🙄 ANC government is dead quiet about it! How does it leave our country? Unless our politicians are deeply involved in this syndicates. But the Guptas are gone, and we've been struggling ever since. And your savior Cyril is worse than Zuma
Source: TimesLIVE - 🏆 28. / 59 Read more »