Treasury to withhold equitable share for councils in water debt
Municipalities owe water boards a combined R22bn
12 November 2024 - 05:00
The National Treasury has agreed to withhold equitable share allocations for specific municipalities who refuse to repay debts owed to water boards, water & sanitation minister Pemmy Majodina says.
The move comes as municipalities across the country owe water boards a combined R22bn that threatens the solvency of two of them, Vaal Central and Magalies, which face bankruptcy in the next 12 months. ..
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.