outstanding debt | SA Radio .com

As thousands of road accident victims are anxiously waiting to be compensated by the cash-strapped Road Accident Fund (RAF) following court orders in their favour, the Gauteng High Court, Pretoria, is expected to soon deal with the fund’s inability to pay up.

Hundreds of claimants recently turned to the court where they had obtained an urgent order to attach eight of the RAF’s Absa bank accounts. The bank was ordered to use the proceeds from the accounts to pay the 346 injured victims.

The RAF in turn headed to court last month, in which it wanted this order lifted, as it said it simply couldn’t afford to pay these claimants, as its outstanding debt was more than R17billion. The fund said it couldn’t operate without its bank accounts as it is was struggling to stay afloat.

This application was not entertained by the urgent court, which meant that the bank accounts remained attached. But it came to light that the RAF then instructed the bank not to honour t
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Soweto has been identified as the great sinner when it comes to outstanding debt to Eskom. The latest figures show that Soweto’s debt to the power provider is over R17bn.

Last week, technicians threatened that they would no longer perform repairs in neighborhoods where their security is threatened, areas effected including Soweto.

Herman Mashaba, the mayor of Johannesburg, however, pleads for residents who pays for services and will now be disadvantaged by the “small” amount of residents who do not pay.

Illegal power connections are the rule rather than the exception in the residential area, and Eskom workers dare not dare to remove the dangerous and illegal drainage wires.

Information obtained shows that where drainage wires were removed, it was replaced with a new cables the next day.

-Read the original article in Afrikaans in Vryburger / 2019-07-17
This report does not necessarily reflect the opinion of
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Posts tagged with 'outstanding debt'

Cash-strapped Road Accident Fund struggles to pay billions in outstanding debt – This is just another SOE that is collapsing under ANC-regime’s rule

Soweto’s huge debt burden amounts to more than R17 billion, where illegal power connections are more the rule than the exception in residential areas