Are SA’s local governments adequately diversified in their revenue streams?
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GUEST - Miyelani Holeni - Group Chief Advisor at Ntiyiso Consulting Group.
According to Salga, there are 66 municipalities considered by National Treasury to be “severely financially distressed” and the 157 that are considered “financially distressed” have severe affordability issues. This is the majority (86%) of municipalities as there are a total of 257 countrywide. What is the root cause of SA’s local government financial crisis?
According to Salga, there are 66 municipalities considered by National Treasury to be “severely financially distressed” and the 157 that are considered “financially distressed” have severe affordability issues. This is the majority (86%) of municipalities as there are a total of 257 countrywide. What is the root cause of SA’s local government financial crisis?
