National Treasury | Treasury cracks down on municipal debt
リアクション
2026年07月08日
National Treasury has stressed that the decision to temporarily withhold the July 2026 equitable share of 69 municipalities is mainly aimed at arresting the culture of non-payment, and to curb fruitless and wasteful expenditure.
Treasury says the total equitable share withheld totals around R13,5 billion.
It revealed that the release of the funds will depend on how quickly the municipalities can sign repayment agreements with their creditors, which include, water boards, Eskom and pension funds.
SABC Economics Reporter, Naledi Mabitsela-Ngcobo, filed this report.
For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.
Treasury says the total equitable share withheld totals around R13,5 billion.
It revealed that the release of the funds will depend on how quickly the municipalities can sign repayment agreements with their creditors, which include, water boards, Eskom and pension funds.
SABC Economics Reporter, Naledi Mabitsela-Ngcobo, filed this report.
For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.
