Is pooled funding the answer for municipalities?

2018-10-12 09:07

Pooled financing is a financing mechanism wherein our metros can jointly access public and private capital markets at advantageous borrowing terms, writes Rabelani Dagada.

Makhosi Khoza: SA could become ungovernable

2018-08-14 15:06

Khoza, the executive director of local government strategy at the OUTA, says municipal mismanagement means rate-paying communities have started demanding to govern themselves, with damaging consequences.

Municipalities return millions to the fiscus, while drowning in Eskom debt

2018-07-31 07:08

Municipalities that owe Eskom millions of rands for electricity have had to send back municipal allocations for infrastructure and other purposes, much of which is not rolled over to the following financial year.

Eskom to cut power to two Free State municipalities from Wednesday over non-payment

2018-07-16 17:02

Eskom says the power supply interruptions to two Free State municipalities were caused by a failure to uphold their payment agreements.

No bailout for councils hit by VBS Bank collapse - Mkhize

2018-07-02 17:33

Government won’t bail out 13 municipalities that lost about R1.65bn they invested in VBS Mutual Bank before it collapsed in March, says Minister Zweli Mkhize.

Ekurhuleni municipality accused of forcing businessman to pay a bribe

2018-06-17 06:11

A service provider to the Ekurhuleni Metropolitan Municipality has accused its senior officials of terminating his copier contract after he refused to pay bribes they allegedly demanded.

To eliminate the legacies of apartheid, we must fix municipalities - Nene

2018-06-14 22:00

Investment by municipalities in the building and maintenance of infrastructure can contribute to faster economic growth, says Finance Minister Nhlanhla Nene.

National government won’t necessarily solve municipal service delivery problems - commission

2018-06-04 18:34

Government should improve capacity of local government and municipalities before transferring functions to national level, says the Financial and Fiscal Commission.

Amendments to Public Audit Act turn AG from 'chihuahua to pitbull'

2018-05-29 12:17

Amendments to the Public Audit Act will among others give the Auditor-General greater power to recover monies lost through financial mismanagement and corruption.

REVEALED: Top 10 municipalities responsible for R13.4bn irregular spend

2018-05-23 19:58

Irregular spend for 2016/17 alone amounted to R13.35bn, according to a report from the auditor general.

 

Mkhize wants more time for Eskom debt report

2018-09-18 16:30

Minister of Cooperative Governance and Traditional Affairs Zweli Mkhize has written to National Assembly Speaker Baleka Mbete asking that his deadline for a report on how much municipalities owe Eskom be extended.

Nene cracks down on unqualified finance and supply chain officials

2018-08-08 20:25

In a bid to speed up the pace at which local government officials are getting qualified to do their jobs, Finance Minister Nhlanhla Nene has announced a new, shorter time limit for them to do so.

How to burn R358.7m

2018-07-22 00:00

Only one of three suspended Thaba Chweu municipal officials has been charged, despite damning forensic report.

Ekurhuleni metro wants R22m back

2018-07-15 06:10

Former employees and service provider are in the municipality’s cross hairs to be sued to recover alleged losses.

Further energy woes as only one top defaulting council gets energy grant

2018-06-21 22:30

Only one out of the top ten defaulting municipalities which owe Eskom millions are recieving assistance from the Energy Efficiency and Demand Side Management Grant.

Review debt structure between municipalities and Eskom, says Mkhize

2018-06-15 13:26

It is necessary to review the debt structure and payment plans between Eskom and defaulting municipalities, Minister of Cooperative Governance and Traditional Affairs Zweli Mkhize has told Parliament.

Why we can't pay Eskom: Top ten defaulting councils share financial horror stories

2018-06-13 13:55

The top ten municipalities indebted to Eskom have told Parliament’s Standing Committee on Public Accounts why they continually struggle to settle their debts.

Drakenstein rated most financially healthy municipality in Western Cape

2018-05-29 17:41

Drakenstein Municipality has officially been rated the most financially healthy municipality in the Western Cape by National Treasury.

AG given more teeth to refer audits for law enforcement

2018-05-24 14:47

The Standing Committee on the Auditor General has approved amendments to the Public Audit Act, giving the Auditor General of South Africa more power to manage "real and immediate" consequences.

Irregular spend by SA municipalities up 75% to R28.4bn as audit outcomes regress

2018-05-23 11:05

Audit outcomes for municipalities have continued to regress, with irregular and fruitless and wasteful expenditure each ballooning more than 70% for the 2016/17 year.

Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.