Bad debt worries cities as economic woes grow
08 February 2016 - 02:17
South Africa's low economic growth is squeezing the life out of municipalities as ratepayers fail to pay for council services. In Gauteng, which boasts higher job opportunities, the three metros have about R30-billion of irrecoverable debt.Although Ekurhuleni, Tshwane and Johannesburg got unqualified audit opinions, t he a uditor-general expressed concern about the money he considers irrecoverable.
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