Consumer debt to municipalities continues to climb
Billions of rand owed has been written off as bad debt
05 June 2024 - 17:14
Municipalities were owed an aggregate of R347.6bn by consumers at end-March, the end of the third quarter of the local government financial year. This is R9.4bn higher than the R338.2bn reported in the second quarter of 2023/24.
According to a statement by the National Treasury on Wednesday on the revenue and expenditure of local government for the period July 1 2023 to end-March 2024, a total amount of R8.3bn, or 2.4%, has been written off as bad debt. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.