Amathole, King Sabata Dalindyebo, Kou Kamma, Makana, Raymond Mhlaba, Amahlati, Enoch Mgijima, Inxuba Yethemba and Dr Beyers NaudéXhariep, Letsemeng, Mangaung, Tswelopele, Matjhabeng, Dihlabeng, Phumelela, Moqhaka, Ngwathe and SetsotoAccording to the AG, some of the municipalities have already been placed under administration or provincial intervention.
The City of Tshwane, the City of Johannesburg and the City of Ekurhuleni in Gauteng, the City of Cape Town in the Western Cape and Nelson Mandela Bay in the Eastern Cape were all downgraded to below investment grade by 30 June 2021. Most of the metros, the report warns, were put on review for further downgrades by the credit-rating agencies, which could plunge them “deeper into sub-investment territory if economic conditions worsen”.
“The debt of metros that is unlikely to be recovered in full ranged from 53% to 88%,” the report says.Responding to the report, the South African Local Government Association said it painted a “gloomy picture” of the lack of accountability in municipal finance management. The agency called for a new approach to enforce accountability.
Change leadership, use qualified skilled people. people must pay their bills for services and not just the 10% that do. We have become a charity country instead of being a productive country like we once were. 28 years and we have moved so far down the ladder. Attitude change
Where did the money go?
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