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Tag Archives: Debt

Municipalities owe Eskom R23,5 billion

11 October 2019, 1:17 PM

Eskom still has to recover R23, 5 billion from municipalities which owe the power utility. This has been revealed by Public Enterprises Minister Pravin Gordhan in a written reply to a Democratic Alliance Parliamentary question in the NCOP.

Eskom concerned over Newcastle debt ruling

9 October 2019, 9:05 AM

Power utility Eskom said it is concerned over the financial implications of Tuesday’s KwaZulu-Natal High Court decision which ordered Eskom not to cut off electricity supply to the town of Newcastle

40% of credit active South Africans affected with bad debt: Report

21 September 2019, 1:45 PM

A report by the National Credit Regulator tabled in Parliament shows that 40% of credit active South Africans have bad debt. 

Britain’s Thomas Cook scrambles for $250 million to avert collapse

20 September 2019, 12:56 PM

Britain’s Thomas Cook needs to find an extra 200 million pounds ($251 million) to satisfy its lenders or one of the world’s oldest holiday company risks collapse, potentially stranding thousands of holidaymakers across Europe.

ACSA lifts SA Express suspension

30 August 2019, 2:46 PM

The Airports Company of South Africa says it expects the balance of cash owed to it by cash-strapped SA Express on Monday.

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