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National Treasury withholds July funds to 70 municipalities ‘to instil fiscal discipline’
National Treasury is temporarily withholding the July equitable share transfers to 70 municipalities across all nine provinces in an effort to “instil fiscal discipline and ensure that public money is properly managed”. Treasury says the goal is also to address unauthorised, irregular, fruitless and wasteful expenditure, and to ensure that municipal officials and office-bearers are held accountable for their management of public funding.
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iol.co.za
BREAKING | Treasury suspends July funding to 69 municipalities over financial mismanagement
National Treasury has moved to suspend equitable share payments to 69 municipalities in a bid to enforce fiscal discipline, saying repeated non-compliance with the Municipal…
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National Treasury withholds fund transfers to municipalities due to financial mismanagement
National Treasury's decision to withhold July 2026 equitable share transfers to 60 municipalities highlights ongoing financial mismanagement and compliance failures across South…
