Municipalities creaking as debt soars

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
play article
Subscribers can listen to this article
Moody’s Investors Service. Picture: Getty Images
Moody’s Investors Service. Picture: Getty Images


South African municipalities are creaking under the strain of declining revenues and the deep impact of the Covid-19 coronavirus pandemic.

The country currently faces high levels of poverty, widening income inequality and high rates of unemployment, coupled with declining economic growth and a tough business environment.

Support independent journalism
Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism. You can cancel any time.
Already a subscriber? Sign in


Read the digital editions of City Press here.
Read now
Voting Booth
President Cyril Ramaphosa has praised outgoing Chief Justice Mogoeng Mogoeng for his outstanding leadership and service. Do you agree?
Please select an option Oops! Something went wrong, please try again later.
He served well.
69% - 62 votes
He was too controversial
31% - 28 votes