Treasury’s state of local government and financial management report for 2016/17 revealed that 17 district municipalities were identified as being in financial distress.
In December, municipalities owed Eskom and water boards over R23bn. Scopa met Eskom, CoGTA, SALGA and National Treasury to discuss the problem.
Britain’s powerhouse services industry has grown more than forecast as the economy continued to display resilience following the vote to leave the European Union.
CSG Holdings, an AltX-listed contract services company with PSG Private Equity as major shareholder, are aiming for a bigger presence in the cleaning industry.
China’s economy expanded quicker than economists forecast in the third quarter as the services sector propped up the world’s second-largest economy.
They key to accelerating growth in SA can be found in advanced manufacturing, infrastructure, natural gas, service exports and agriculture, says McKinsey.
Britain's service sector has expanded faster than expected in January after growing at the slowest pace in over a year and a half in December.
Growth across British services companies has slowed sharply in December and was its weakest since mid-2013.
Irish services sector activity has expanded rapidly again in October, suggesting that the economy is still posting solid growth.
Activity in the US services sector, the driver of the world's largest economy, surged in May, a positive sign for growth in the second quarter.
The outstanding debt municipalities owe Eskom has grown to R13.88bn, reflecting a worsening situation, Parliament has heard.
The UK services sector has grown at the fastest pace in 10 months in November, keeping the economy on track to maintain its pace of expansion this quarter.
A gauge of UK services has jumped the most on record in August, adding to evidence of an economic rebound following the shock inflicted by the Brexit vote.
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Despite a thriving domestic services sector, SA’s share of exports of services remains small, even within its geographic region, cautions a new McKinsey report.
Growth in Britain's service sector has suffered its sharpest slowdown in nearly four years in May, according to a survey.
China's services sector has grown at its fastest pace in three months in December as new orders have remained strong, a private survey shows.
Mounting economic uncertainty in Britain has hit growth in its services sector much more than expected, according to a survey.
Irish services activity has grown in August at a rate just shy of the seven-year high hit in June, shows a survey.
Britain's dominant services sector expanded steadily in March, pointing to solid economic growth in the first quarter.
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