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

Development Bank Of Southern Africa

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South Africa

Deputy President Says Government Is Collaborating with Development Bank to Aid Indebted Municipalities

  S.A's Deputy president Paul Mashatile says the government is working with the Development Bank of Southern Africa to secure resources to assist municipalities that are in debt. Municipalities owe creditors 116.5-billion-rand, with 75.3-percent of this debt more than 90 days overdue. In turn municipalities in 2023/2024 were owed 339.9-billion-rand. Answering questions in the National Assembly yesterday, Mashatile said it is concerning that many municipalities are in financial stress:  

todayNovember 1, 2024 29

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South Africa

Macpherson Orders Bi-Weekly Reports from Development Bank of Southern Africa

  Public Works and Infrastructure minister, Dean Macpherson, says he has instructed the Development Bank Of Southern Africa to supply bi-weekly reports, on the progress to restore Parliament's gutted National Assembly building. The minister conducted an oversight visit to the parliamentary grounds yesterday, where clearing and reconstruction are continuing, following a fire in 2022. About two-billion-rand has been made available for the project. Macpherson says he wants to ensure that […]

todayJuly 26, 2024 30

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