DStv Channel 403 Monday, 23 December 2024

Rising municipal debt threatening Eskom's growth

DURBAN - Rising municipal debt to Eskom is threatening the utility's return to profitability and growth.

It's revealed municipalities owe it about 95-billion rand.

WATCH | Eskom results | Eskom claims R55bn loss is auditing mistake

Eskom released its latest financial results for the 2023/24 financial year yesterday

The chairperson for electricity at the SA Local Government Association, Thami  Ngubane spoke to eNCA.

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