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The Alfred Nzo District Municipality in the Eastern Cape has announced two changes in its mayoral committee.
The Auditor General has been given more teeth, and should be allowed to use them, Parliament’s Standing Committee on Public Accounts and the Standing Committee on the Auditor General have said.
Unauthorised, irregular and wasteful expenditure at municipalities has reached R122 billion. This is more than the total market capitalisation of Shoprite and Spar, combined.
Eskom must prioritise collecting what it is owed by municipalities as a first step toward becoming financially sustainable, says Finance Minister Tito Mboweni.
Some 28 municipalities – a quarter of them in the North West – generate more than 89% of their own income.
Ratings agency Moody's has changed its rating of the City of Cape Town municipality from negative to stable.
Parliament's Select Committee on Appropriations (SeCOA) has expressed serious concerns over the increase in municipalities that adopted unfunded budgets for the 2018/2019 financial year.
South Africa is working on policy and regulatory reforms to make it easier for municipalities to borrow in capital markets to finance infrastructure projects, says the National Treasury.
Minister of Cooperative Governance and Traditional Affairs Zweli Mkhize says that the department had erroneously transferred an additional R60m to a municipality in the North West province, and had trouble recovering the funds.
Pooled financing is a financing mechanism wherein our metros can jointly access public and private capital markets at advantageous borrowing terms, writes Rabelani Dagada.
ANC and DA representatives received the memorandum from protesters, but the EFF spurned the demonstrators.
The latest annual municipal audit report details some alarming instances of maladministration in several towns and cities in South Africa.
Eskom says the municipal debt crisis has only worsened, despite a number of interventions.
Moody's Investors Service has downgraded Mangaung Metropolitan Municipality's long-term global scale issuer rating to Ba3 from Ba2 and its long-term national scale issuer rating to Baa1.za from A1.za.
Power has been restored to most suburbs affected by the earlier outage in Johannesburg, City Power Jhb has said.
The Budget review says infrastructure grants would be changed to increase flexibility and incentivise private financing.
The South African Local Government Association was not aware of VBS's issues until it was too late, national executive committee member Bhekumuzi Stofile has told Parliament.
Minister of Finance Tito Mboweni says a new grant that government has proposed to help municipalities facing financial crisis will no longer be introduced.
The Cooperative Governance and Traditional Affairs Minister Zweli Mkhize said that the outcome of forensic investigations into municipalities which invested in VBS Mutual Bank means government can now launch disciplinary proceedings and criminal complaints against those implicated.
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.
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