Municipal Debts Are Rising.
In a recent report to Parliament, the Auditor-General, Shauket Fakie questioned the ability of South African municipalities to continue operating as a going concern. He commented that municipalities mounting levels of uncollected debt relative to their income was a cause for concern. The total municipal debt countrywide is more than R32 Billion and it is getting worse each year because of non-payment.
https://dullahomarinstitute.org.za/multilevel-govt/local-government-bulletin/archives/volume-6-issue-5-november-2004/vol-6-no-5-municipal-debts-are-rising.pdf/view
https://dullahomarinstitute.org.za/multilevel-govt/local-government-bulletin/@@site-logo/DOI001 Logo-rgb.png
Municipal Debts Are Rising.
In a recent report to Parliament, the Auditor-General, Shauket Fakie questioned the ability of South African municipalities to continue operating as a going concern. He commented that municipalities mounting levels of uncollected debt relative to their income was a cause for concern. The total municipal debt countrywide is more than R32 Billion and it is getting worse each year because of non-payment.