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.

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.

 

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.

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.

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