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Ekurhuleni’s $7.4B Debt Crisis | Johannesburg News
Published 5 days, 15 hours ago
Description
Ekurhuleni’s financial crisis is spiraling out of control, with R7.4 billion in unpaid debts—mostly to Eskom and Rand Water—far exceeding its R2 billion in cash reserves. Despite a recent power-payment deal, the city’s deeper structural problems threaten essential services and future borrowing, forcing urgent reforms in revenue collection and debt management.
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