More questions than answers about Matjhabeng’s 139 “Eskom farms”
10 March 2021
Last year's decision by the Matjhabeng Local Municipality (Allanridge, Hennenman, Odendaalsrus, Ventersburg, Virginia, Welkom) to put up its 139 farms as collateral for its outstanding debt to Eskom raises more questions than answers.
The Mayor of Matjhabeng, NkosenjaniSpeelman, was unable to provide any answers to the Portfolio Committee on Cooperative Governance and Traditional Affairs (COGTA) on Tuesday evening about what is currently being done with the farms.
The farms were offered as collateral after Eskom seized Matjhabeng's bank account. The value of the farms is estimated at approximately R5 billion.
Speelman was evasive when it came to the farms and was unable to indicate whether the farms are being used to benefit the people of the area.