Abandoned infrastructure, such as the ill-fated Water World project in KuGompo City, are a hallmark of financially mismanaged municipalities. As a corrective action against financial mismanagement, National Treasury has withheld the July equitable share transfers to 69 municipalities. Buffalo City Metropolitan Municipality, where R125-million was spent on the now abandoned Water World, is one of them. Archive photo: Steve Kretzmann
National Treasury’s July equitable share transfer to 69 financially mismanaged municipalities has been temporarily frozen.
Officials say municipalities can avoid service disruption by using their own revenue while submitting creditor-backed payment plans and complying with reporting requirements.
The South African Local Government Association says structural problems, including R480-billion in consumer debt, rising bulk service costs and weak local economies, are…
Read More: Treasury says freezing R13.5bn for 69 municipalities should not disrupt services.
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Fun South African Fact: There are around 3,000 shipwrecks off the coast of South Africa.
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