ARTICLES RELATING TO MUNICIPALITIES

Alfred Nzo municipality announces changes to mayoral committee

2019-08-07 18:34

The Alfred Nzo District Municipality in the Eastern Cape has announced two changes in its mayoral committee.

The R1.6bn VBS write-off and other worrying stats from the Auditor General

2019-07-16 16:43

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.

These municipalities are wasting the most taxpayer money

2019-06-27 15:54

Unauthorised, irregular and wasteful expenditure at municipalities has reached R122 billion. This is more than the total market capitalisation of Shoprite and Spar, combined.

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.

 

Call for political parties to support campaign to recall incompetent ward councillors

2019-08-01 18:06

ANC and DA representatives received the memorandum from protesters, but the EFF spurned the demonstrators.

From polluting toilets to a missing sports stadium – here are some of the municipal horror stories from the latest audit report

2019-06-27 18:09

The latest annual municipal audit report details some alarming instances of maladministration in several towns and cities in South Africa.

Debt from municipalities has only grown, Eskom laments

2019-06-24 20:54

Eskom says the municipal debt crisis has only worsened, despite a number of interventions.

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.

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