Mboweni bemoans 'madness' of Eskom debt

South Africa’s embattled State power utility must prioritise collecting the money it is owed by municipalities as a first step toward becoming financially sustainable, Finance Minister Tito Mboweni said. Eskom Holdings has reported that municipalities owed it R17-billion in arrears for power purchases by the end of September, a 25% increase from six months earlier. The National Treasury allocated Eskom R69-billion over the next three years in the February budget to help it stay afloat.