local council / municipality news
Municipality ends contract with the Rand Water Board
A municipality in Mpumalanga has ended its contract with the Rand Water Board, opting to sort itself out instead – at a fraction of the cost. According to Bushbuckridge Mayor Sylvia Nxumalo, the municipality was paying about R24m a month to the board for the supply of...
SA sees expanded municipal bonds spreading debt burden
South Africa is working on policy and regulatory reforms to make it easier for municipalities to borrow in capital markets to finance infrastructure projects, said the National Treasury. About half of infrastructure spending by large cities is funded by national...
Billions in irregular expenditure, fewer clean audits – AG report paints bleak picture of municipalities
Clean audits in municipalities have significantly dropped and have been accompanied by a drastic rise in irregular expenditure to the tune of R12.1 billion. This is according to the results of the municipal audits released by Auditor-General (AG) Kimi Makwetu in...
ESKOM wants another 15% tariff hike for three years
Struggling power utility Eskom is expected to submit an application to energy regulator Nersa for an average tariff increase of 15% per year for the next three years. The application has already been sent to National Treasury and the South African Local Government...