administration

Major financial turnaround: Tshwane settles R1 billion Eskom debt and clears R4. 7bn VAT burden

Tshwane Mayor Nasiphi Moya reports significant financial progress with over R1 billion paid towards the city's Eskom debt, full settlement of the R4. 7bn VAT liability, and a R4. 3bn reduction in the debtors' book. The administration is also addressing power outages in key areas while extending its successful debt relief scheme to benefit more residents.