Consumer debt to municipalities soars
Financial malaise at councils is due mainly to defaulting households and government departments
20 December 2024 - 15:37
UPDATED 07 January 2025 - 09:38
Total consumer debt owed to municipalities soared by about R80bn over one year to reach R386.5bn by end-September, figures released on Friday by the National Treasury showed.
In the first quarter of 2023/24, consumer debt amounted to R306.7bn, according to a Treasury statement on local government revenue and expenditure for the first quarter of the 2024/25 financial year...
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