The auditor-general paints yet another dire picture of municipal outcomes regressing even further
01 July 2020 - 18:16SA’s cash-strapped municipalities have enough assets to fulfil most of the basic needs of citizens but still need to deal with not having the right people in charge of their finances, auditor-general Kimi Makwetu said on Wednesday.
Municipal finances are important as local government is at the coalface of service delivery and plays a significant role in ensuring the needs of residents and businesses are addressed, such as access to water, electricity and refuse collection. “There is not much to go around, yet the right hands are not at the till,” Makwetu said in his overview.
But the continued slippage in these controls would end up with bankruptcy as the consequence, he warned. The report found that the inability to collect debt from municipal consumers was widespread, and that municipalities would then struggle to balance their books. The audits showed that 34% of municipalities disclosed a deficit, with the total amounting to R6.29bn. The financial woes of municipalities in turn weighed heavily on creditors, with the average creditor payment period at 180 days.
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