- National Treasury is withholding equitable share allocations in the Eastern Cape due to financial mismanagement.
- Nelson Mandela Bay Municipality must subsidize bulk electricity purchases as the National Treasury withholds equitable share payments due to financial mismanagement.
- Mteto Nyati spoke to CNBC Africa regarding the appointment of a restructuring task team by the National Treasury.
Eskom issues are being referred to the National Treasury regarding outstanding matters, while NUM threatens legal action concerning the Eskom restructuring plan.
1 report, 1 independent
Updated Aug 10
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What happened
Eskom issues are being referred to the National Treasury regarding outstanding matters, while NUM threatens legal action concerning the Eskom restructuring plan.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Eskom
electricity utility in South Africa
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National Treasury
treasury of South Africa
Related events
- President Ramaphosa supports the restructuring of Eskom assets, while the Development Bank of Southern Africa provides financial advice to the National Treasury.
- Municipalities are accruing debt to Eskom.
- Eskom's historical debt is noted as a contingent liability on the South African government, impacting the nation's creditworthiness.
- Ramaphosa approved the first phase of Eskom's restructuring, while NUM monitors the company's fate regarding privatization.
- Eskom, a state-owned enterprise, is facing a court ruling that has set aside the Public Procurement Act.