Western Cape municipalities increasingly outshining other provinces – MFS Index

Independent governance ratings agency Ratings Afrika’s newest yearly Municipal Financial Sustainability Index (MFSI) confirms the severe financial distress facing the majority of South Africa’s municipalities, with the notable exception being most of the Western Cape’s municipalities, as well as Midvaal, in Gauteng. “The experience of Western Cape municipalities shows that South Africa’s current municipal funding model is not fundamentally flawed or broken,” states the report.

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