Embattled municipalities need R54bn to recover, says ratings agency
Service delivery failures by the metros will damage the economy severely, Ratings Afrika analysts warn
10 July 2022 - 19:23
A ratings agency has called on the government to pump billions of rand into local government to enable municipalities to deliver services and fix infrastructure that is “crumbling at a pace previously unheard of”.
In its annual municipal financial sustainability index of the 100 largest local municipalities and the eight metros, Ratings Afrika analysts Leon Claassen and Charl Kocks said the decline in metros is concerning as they are considered to be the economic engines of the economy...
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