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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

debt settlement

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South Africa

S.A’s Mashatile Says Treasury May Cut Budgets to Settle State Debt to Municipalities

S.A's Deputy president Paul Mashatile says the National Treasury is considering cutting budgets of departments that owe municipalities to settle debt. In August, Finance minister Enoch Godongwana revealed that organs of state collectively owe municipalities 18.6-billion-rand for rates and taxes. In Gauteng alone, the state had a debt of 3.5-billion-rand by the end of July, with provincial government departments accounting for most of the debt. Mashatile told the National Council […]

todayDecember 6, 2024 16

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South Africa

Minister Hlabisa Urges Government Departments to Settle R29.4 Billion Municipal Debt

Minister of Cooperative Governance and Traditional Affairs, Velenkosini Hlabisa, is urging government departments to settle their municipal debt. Government departments owe municipalities about 29.4-billion-rand. Answering questions in Parliament, Hlabisa says his department aims to ensure that financial recovery plans for municipalities prioritise long-term sustainability and are effectively implemented:  

todayNovember 15, 2024 40

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