HeyJaredDumisani Jantjies
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DUMISANI JANTJIES | The municipal insolvency elephant (opens the original)
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Last month the National Treasury made the rare decision to invoke section 216(2) of the constitution and temporarily withhold R13.5bn in local government equitable share transfers from 69 poorly performing municipalities across South Africa. The official rationale, defended as a corrective enforcement mechanism, is to force delinquent councils to settle their combined R27.4bn debt to Eskom, water boards and retirement funds. To a frustrated ratepayer the Treasury’s financial tourniquet might loo
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