SOARING MUNICIPALITY DEBT IN THE NORTHERN CAPE HAMPERS ESKOM’S FINANCIAL SUSTAINABILITY

The financial sustainability of Eskom in the Northern Cape is hampered by soaring municipal debt. Payment patterns by the majority of the province’s municipalities have been irregular over the past 5 years and have contributed negatively to the overdue debt which is currently at R 2.8 billion. The municipalities receive annual equitable share from government…...