The deal was strict but straightforward: if municipalities paid their current Eskom accounts in full for 12 consecutive months and met other technical conditions (such as restricting borrowing and implementing smart metering), the Treasury would assume their historic debt in three annual tranches.
However, information released to BizNews by DG Duncan Pieterse’s team at the National Treasury following a recent lockup presser confirms that for the majority of applicants, the discipline required to maintain these conditions has proven elusive.
The Western Cape clean sweep
The data reveal distinct differences in governance quality across provinces. The Western Cape achieved a 100% success rate for its applicants.
Four Western Cape…