Viability of councils in doubt as debt total soars to R300bn
Most municipalities are facing a liquidity crisis, hampering their ability to deliver services
12 June 2023 - 19:54
UPDATED 12 June 2023 - 22:50
Households, businesses and government departments owe cash-strapped municipalities a combined R294.7bn, raising doubt about the financial viability of councils bedevilled by issues of service delivery.
Data released by the National Treasury on Monday shows a regression in payments made to the country’s 257 municipalities...
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