The Msunduzi Municipality, which came under criticism for its plans to give Royal AM a R27-million sponsorship deal, has only 27 days of cash available.
The KwaZulu-Natal municipality has only 27 days' cash on hand, preventing it from paying creditors - including Eskom and Umgeni Water - on time.
The broke KwaZulu-Natal Msunduzi Municipality, which came under criticism for its plans to give Royal AM a R27 million sponsorship deal, has only 27 days of cash available. The City [has been] under administration for four years while the financial situation continues to deteriorate. It has cash for seven days, resulting in creditors not being paid and service delivery almost non-existent... This is but one of many issues but is critical as it is a major contributor to the crisis at the municipality.
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