KZN municipalities reduce Eskom debt thanks to CoGTA
Eskom says they now have a recipe that works
which will not only sustain, but also enable the economic growth of KZN and its municipalities.
The debt of KZN municipalities has been significantly reduced thanks to Eskom KZN and the support given by the KZN Department of Cooperative Governance and Traditional Affairs (CoGTA).
In a statement, Eskom acknowledged the significant role played by KZN CoGTA MEC, Sipho Hlomuka and his team after they released their substantial report on the progress that has been made.
Municipal debt took centre stage when efforts by Eskom to collect revenue from owing municipalities were met with several challenges and were generally unsuccessful. Negotiations for payment arrangements mostly faltered or if successful, they were not followed through. This put an immense burden on Eskom as its revenue was constrained.
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