ARTICLES RELATING TO MUNICIPALITIES

Mboweni on Eskom debt: collect money owed by municipalities

2019-05-20 20:56

Eskom must prioritise collecting what it is owed by municipalities as a first step toward becoming financially sustainable, says Finance Minister Tito Mboweni.

These are South Africa's most financially independent municipalities – including Nkandla

2019-04-02 14:27

Some 28 municipalities – a quarter of them in the North West – generate more than 89% of their own income.

Moody's changes Cape Town municipal rating from negative to stable

2019-03-18 15:44

Ratings agency Moody's has changed its rating of the City of Cape Town municipality from negative to stable.

Concerns raised around increase in municipalities adopting unfunded budgets

2018-11-17 16:32

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.

SA sees expanded municipal bonds spreading debt burden

2018-10-24 15:53

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.

Mkhize opens up about mystery R60m 'erroneously' transferred to a North West municipality

2018-10-23 14:29

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.

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.

 

Moody's downgrades ratings of Mangaung Municipality

2019-05-02 21:40

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.

Joburg power mostly restored... just in time for load shedding

2019-03-18 19:35

Power has been restored to most suburbs affected by the earlier outage in Johannesburg, City Power Jhb has said.

Get creative, Mboweni tells councils looking for infrastructure funds

2019-02-20 14:48

The Budget review says infrastructure grants would be changed to increase flexibility and incentivise private financing.

VBS blindsided us, admits local government body

2018-11-16 15:39

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.

Mboweni re-prioritises as municipalities fumble with funds

2018-10-24 14:46

Minister of Finance Tito Mboweni says a new grant that government has proposed to help municipalities facing financial crisis will no longer be introduced.

Mkhize: Govt to launch lawsuit against VBS perpetrators to recover money

2018-10-23 11:09

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.

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.

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