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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

municipal debt

7 Results / Page 1 of 1

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South Africa

S.A’s Electricity and Energy minister says Eskom has upped its performance

  S.A's Electricity and Energy minister Kgosientsho Ramokgopa says Eskom has upped its performance, resulting in more than 260 days of no load-shedding, improved plant performance, and billions of Rands in diesel cost savings. The power utility has recorded a net loss before tax of some 25.5-billion-rand, an improvement from the previous financial year’s 34.6-billion-rand. Ramokgopa says Eskom is now less reliant on diesel but the debt municipalities owe it […]

todayDecember 20, 2024 7

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South Africa

S.A’s Mashatile Says Treasury May Cut Budgets to Settle State Debt to Municipalities

S.A's Deputy president Paul Mashatile says the National Treasury is considering cutting budgets of departments that owe municipalities to settle debt. In August, Finance minister Enoch Godongwana revealed that organs of state collectively owe municipalities 18.6-billion-rand for rates and taxes. In Gauteng alone, the state had a debt of 3.5-billion-rand by the end of July, with provincial government departments accounting for most of the debt. Mashatile told the National Council […]

todayDecember 6, 2024 16

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South Africa

Eskom CEO Highlights Data-Driven Approach and Governance

In S.A, Eskom CEO Dan Marokane says a data-driven approach and enhanced governance practices underpin the power utility’s financial and operational improvements. He briefed Parliament’s portfolio committee on Electricity and Energy yesterday. He adds that extending the life of coal power stations is one of the reasons for improvement in generation and load-shedding: Marokane also says the biggest risk factor is the non-payment of electricity bills by state institutions like […]

todayDecember 5, 2024 8

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South Africa

Minister Hlabisa Urges Government Departments to Settle R29.4 Billion Municipal Debt

Minister of Cooperative Governance and Traditional Affairs, Velenkosini Hlabisa, is urging government departments to settle their municipal debt. Government departments owe municipalities about 29.4-billion-rand. Answering questions in Parliament, Hlabisa says his department aims to ensure that financial recovery plans for municipalities prioritise long-term sustainability and are effectively implemented:  

todayNovember 15, 2024 40

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South Africa

Ramokgopa Calls for Urgent Action on Johannesburg’s Energy Crisis

South Africa's Minister of Electricity and Energy, Kgosientsho Ramokgopa, has called for urgent action to tackle Johannesburg's growing energy crisis and financial issues. In talks with mayor Dada Morero, he highlighted problems like declining municipal revenues, the rising 6.3-billion-rand Eskom debt, and billing disputes between City Power and Eskom. Addressing the media, Ramokgopa said it was crucial to resolve these issues internally before seeking court intervention:  

todayNovember 12, 2024 32

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South Africa

Deputy President Says Government Is Collaborating with Development Bank to Aid Indebted Municipalities

  S.A's Deputy president Paul Mashatile says the government is working with the Development Bank of Southern Africa to secure resources to assist municipalities that are in debt. Municipalities owe creditors 116.5-billion-rand, with 75.3-percent of this debt more than 90 days overdue. In turn municipalities in 2023/2024 were owed 339.9-billion-rand. Answering questions in the National Assembly yesterday, Mashatile said it is concerning that many municipalities are in financial stress:  

todayNovember 1, 2024 29

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Namibia

Eenhana Town Council introduces debt relief programme

The Eenhana Town Council plans to write off all interest on debt owed by residents for services rendered to them. Town mayor, Omri-Onn Kavandje, revealed this to Nampa on Monday, saying that to date, residents owe about N.dollars 40.2 million. He stated that as a result, the council has introduced an interest relief programme in which the council is waiving 100 per cent of interest on municipal bills for their […]

todayDecember 4, 2023 24

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