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The extent of SA's municipal problem? R51bn, says Ratings Afrika


MONEYWEB
app instead?
Latest survey shows no reversal of the 10-year slide into ruin.
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Cape Town is the only metro still considered financially sustainable, with a score of 71. Tshwane has the lowest score, at 21. Image: Moneyweb
It’s almost clichéd to say SA’s municipalities are poorly run. Virtually every Ratings Afrika and Auditor-General survey reminds us of this.
You see it with your eyes as you venture home over potholed roads, passing the street litter that is left to accumulate until it’s washed away by rain or wind, and when you open your monthly rates and taxes bill and wonder what you are paying for. ....

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