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Tag Archives: Debt

Debt owed to Eskom may balloon to R36 billion

3 December 2019, 8:55 PM

Eskom has warned that debt owed is likely to balloon to R36 billion by the end of next year, if municipalities fail to pay.

‘South Africans spend 63% of their income to service debt’

18 October 2019, 3:03 PM

South Africa is heading towards a debt bubble with many consumers spending most of their disposable income to service 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. 

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