SA’s already dire municipal finances have taken a turn for the worse, highlighting the urgency with which the national government has to deal with the state of local government given the threat its dysfunction poses to the country’s economy.
That municipal finances are in dire straits does not come as a shock to anyone who has kept an eye on their ability to actually spend money on what is necessary and on their poor revenue-raising capacity over the years.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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