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DEBT LEAKAGE

DEBT LEAKAGE: The National Treasury plans to withhold funds from five municipalities over their unpaid water bills, with water boards currently owed R23.4-billion, more than 70% of which is four months overdue. The municipalities of Matjhabeng, Kopanong, Thabazimbi, Merafong City and Victor Khanye are set to be affected by the decision. However, national government is also helping to renegotiate repayment agreements between water boards and municipalities. Photograph: Bloomberg

Photo by Bloomberg

29th November 2024

     

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The National Treasury plans to withhold funds from five municipalities over their unpaid water bills, with water boards currently owed R23.4-billion, more than 70% of which is four months overdue. The municipalities of Matjhabeng, Kopanong, Thabazimbi, Merafong City and Victor Khanye are set to be affected by the decision. However, national government is also helping to renegotiate repayment agreements between water boards and municipalities. Photograph: Bloomberg

Edited by Creamer Media Reporter

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