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.
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
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 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.