CLAIRE BISSEKER: Battling impunity and the cadres over municipal debt
09 May 2023 - 05:00
For years local governance experts and ratings agencies have been warning of the pending financial collapse of SA’s municipal sector, but the situation has been allowed to fester to the point at which two thirds of SA’s 257 municipalities are now in serious financial trouble.
This poses a huge threat to the country’s economic growth prospects. So, the news that the Treasury has finally taken the gloves off — after years of ineffectual intervention in this sector — should be welcomed...
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.