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SA municipal debt is dominated by one creditor: Eskom
South Africa’s National Treasury declared it would temporarily withhold funding to 69 municipalities to force them to fix their problems, which include unfunded budgets, irregular and wasteful expenditure, and failure to repay money owed to Eskom, water boards, the revenue service, the Auditor-General, and pension funds. When these entities are not paid for the electricity, water and services supplied, it threatens service delivery and the operation of these entities.
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engineeringnews.co.za
SA municipal debt is dominated by one creditor: Eskom
South Africa’s National Treasury declared it would temporarily withhold funding to 69 municipalities to force them to fix their problems, which include unfunded budgets, irregular…
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businessday.co.za
Municipal truancy imperils water boards, says Godongwana
The National Treasury defended its decision to temporarily withhold equitable shares to 69 councils but the FFC argued that only parliament had the authority to approve such action
