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Eskom clamps down on City of Matlosana over R1.2bn debt

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The city said it might struggle to pay workers and service providers following the attachment of its bank accounts

Cash-strapped Eskom has taken a hard line against the City of Matlosana municipality in the North West over a unpaid debt of R1.2bn, with the power utility attaching the council’s bank accounts.

At that time, the council owed Eskom about R500m. The agreement was that the city would liquidate its indebtedness to Eskom by way of payment of large sums of money. The Klerksdorp-based City of Matlosana responded by approaching the South Gauteng High Court on an urgent basis,Judgment on the application was handed down in July 2022, dismissing the municipality's application. An application for leave to appeal was also dismissed in February 2023.

Not willing to cave in, the municipality launched another urgent application a month later, asking for

Source: Loan Digest (loandigest.net)

 

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