Are Eskom’s solutions for municipal debt faltering?

The government and Eskom are currently providing very little information about the solutions they sought to impose on municipalities that are deeply indebted to the power utility. Moneyweb has been sent from pillar to post and, after weeks of enquiries, has still been unable to obtain clarity on progress towards concluding lawful Distribution Agency Agreements…

Melbourne Racing Club Revenue Hits $281.4m Amid Debt

A sale of a parcel of Caulfield racecourse remains a key strategy for the Melbourne Racing Club. (Photo by Vince Caligiuri/Getty Images) Melbourne Racing Club’s gaming interests helped deliver record revenue of $281.4 million for the club, while the $10.9 million cost of servicing substantial debts kept the group in deficit for another year. The…