Not impressed: locals’ opinions on R40m EMLM loan

The Rep recently posted a poll asking Enoch Mgijima Local Municipality readers their opinion on the R40-million loan sought by the local authority from FNB to allow the payment of Eskom.

Readers were given three options with two (4.55%) indicating that the loan would help the municipality buy time to enable the collection of more money from debtors to facilitate future payments.

A further 12 readers (27.27%) said that it was temporary solution which would not improve EMLM’s financial situation.

The vast majority of 30 readers (68.18%) believed it was madness and would only plunge the local municipality into further debt.

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