Culture of non-payment threatens stability of municipal finances - Treasury

2018-03-09 07:03

Treasury is reviewing municipal borrowing policy and has flagged the culture of non-payment for service delivery as contributing to growing debt.

Water 'rationing' to kick in for defaulting municipalities

2017-12-13 15:14

The Department of Water and Sanitation will carry out its threat to ration and restrict bulk water supply to municipalities that are in debt to the department's entities and water boards.

Warning that municipal water debt will grow by R1.5bn a year if unchecked

2017-11-27 21:42

Municipal water debt is expected to balloon by an alarming R1.5bn per year if the culture of non-payment continues, warns the Water Trading Entity.

Recovery plan for distressed municipalities

2017-10-25 14:59

National Treasury is currently working with other state departments to develop a funding mechanism and recovery plans for municipalities that are in financial distress.

CoGTA fails to spend R3bn of its budget - report

2017-10-08 16:30

The Department of Cooperative Governance and Traditional Affairs has been fingered in a parliamentary report for not spending R3.2bn of its budget, which has a negative effect on municipal service delivery.

Cas Coovadia: ConCourt property ruling a boost for investor confidence

2017-08-30 17:17

The Constitutional Court ruling that new home owners are not liable for historical debt will bring confidence to the property sector, says Banking Association SA MD Cas Coovadia.

Gauteng residents owe municipalities R31bn

2017-08-27 15:53

Households in Gauteng owe municipalities R31.8bn, making up the lion's share of debt due to municipalities for services and taxes.

Infographic: Best and worst performing municipalities

2017-06-25 10:20

The Auditor General's latest local government report showed that 49 municipalities received clean audits, however 25 received disclaimed opinions.

Municipalities lack accountability for finances - AG

2017-06-22 05:00

Municipalities have consistently displayed a lack of accountability in managing their finances, warns the auditor general.

Only nine new municipalities out of 263 achieved clean audits - AG report

2017-06-21 11:12

The latest auditor general report shows little improvement in municipalities' audit outcomes, with 14 municipalities losing their clean audit opinions.


Provincial, municipal budgets cut to fund free education

2018-02-21 14:20

Provinces and municipalities are some of the biggest losers in this year’s budget, with funds allocated to it now moved to other priorities, mainly funding free higher education.

Moody's now places SA Inc on downgrade review

2017-11-29 15:44

Moody’s has placed a number of cities and municipalities, banks, businesses and insurance groups on review for downgrade, after doing the same for the country's sovereign debt.

Municipalities drown in debt of R43bn - Parliament hears

2017-11-09 19:23

South Africa’s municipalities are drowning in debt, owing their creditors a total of R43bn, National Treasury has told Parliament.

As it happened: 10 municipalities owe Eskom R7.5bn in overdue debt

2017-10-10 09:38

Ten municipalities owe Eskom R7.5bn in overdue debt, Eskom’s distribution executive Ayanda Noah has explained.

Eskom gives EC municipalities 48hrs to pay up or face power cuts

2017-09-13 07:28

Eskom has delayed planned interruptions of bulk electricity supply to three Eastern Cape municipalities, but says plans must be made before Friday for outstanding payments.

Property debt judgment ends era of confusion and controversy

2017-08-29 22:00

The Constitutional Court judgment that new home owners are not liable for the historical debt of previous owners brings to an end a long period of confusion.

Call for corruption probe 23 years after 280 Midrand workers axed

2017-08-07 10:59

A "scathing" memorandum recommends an investigation into “the probable misappropriation” of pension fund money owing to 280 Midrand municipality workers who were fired 23 years ago.

Irregular expenditure in municipalities balloons to over R16bn - AG

2017-06-22 11:38

Deviation from supply chain management regulations has resulted in irregular expenditure rising over 59% to R16.81bn, according to the local government audit outcomes report.

Lack of compliance by worst performing municipalities

2017-06-21 19:45

Municipalities in the North West, Northern Cape and Free State remain the poorest performing in terms of audit outcomes, the auditor general report has revealed.

Municipal debt could escalate beyond R9bn – Singh

2017-06-14 13:28

Eskom CFO Anoj Singh believes the current municipal debt will in all likelihood escalate, which could result in another tariff cycle to try and mitigate the debt situation.

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