Can govt afford to write off municipal debts?
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GUEST – Dr. Tim Maake - Managing Director at DTM Consulting
Deputy President Paul Mashatile says government acknowledges that debt relief alone will not return Eskom to financial sustainability, as the state works with municipalities to help settle mounting bills.
“A key assumption considered in the debt relief determination is the implementation of the recent tariff increase approved by the regulator. Without this increase, debt relief arrangement is not sustainable,” he said.
Deputy President Paul Mashatile says government acknowledges that debt relief alone will not return Eskom to financial sustainability, as the state works with municipalities to help settle mounting bills.
“A key assumption considered in the debt relief determination is the implementation of the recent tariff increase approved by the regulator. Without this increase, debt relief arrangement is not sustainable,” he said.
