- Municipalities are accruing debt to Eskom.
- National Treasury withheld equitable share transfers from 69 municipalities and offered a debt relief program for Eskom.
Reports detail the severe financial mismanagement of local government, resulting in unaccounted or unspent funds being returned to the central treasury.
6 reports, 4 independent
Updated Aug 10
Gone quiet
- Reports
- 6
- Developments
- 4
- Repetition
- 67%
New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Reports detail the severe financial mismanagement of local government, resulting in unaccounted or unspent funds being returned to the central treasury.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Tender in Rand West City Local Municipality is linked to poor planning and municipal financial breakdown.Sub-event
- Recovered assets are returned to the National Treasury.Sub-event
Financial management issues between the National Treasury and eThekwini Municipality are showing signs of recovery.1 source
Local government financial mismanagement leads to funds being returned to the central treasury.1 source
Keep exploring
The entities involved
-
Tsakani Maluleke
South African auditor general
Nothing else this week.
-
National Treasury
treasury of South Africa
Related events
- National Treasury is imposing financial oversight and monitoring municipal compliance across provinces due to mismanagement.
- National Treasury is withholding equitable share allocations in the Eastern Cape due to financial mismanagement.
- The National Treasury controls funding and enforces financial compliance, with the Finance Minister representing Treasury's policy stance.
- A financial crisis has emerged in Nelson Mandela Bay, attributed to governance and operational failures involving the National Treasury.
- President Ramaphosa supports the restructuring of Eskom assets, while the Development Bank of Southern Africa provides financial advice to the National Treasury.
Coverage
Newest first; wire copies grouped- ewn.co.za
- businessday.co.za
- ewn.co.za
- ecr.co.zaeThekwini financial outlook improves as investment confidence grows: Xaba
- dailydispatch.co.za