Kaya 959 Kaya Biz

GUGU TALKS TO CHARL KOCKS,RATINGS AFRIKA DIRECTOR

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- Index points out that only 23 of the top 100 municipalities in SA reported operating profits last year. The remaining 77 made combined operating losses of R13.3 billion and recorded a combined working capital shortfall of R23 billion. This means they have run out of cash and have stopped or delayed paying creditors. What model is used to score municipalities based on?
- Overall, the picture for municipalities is bleak and getting worse. The national average slipped below 40 to 38 for the first time since the index was calculated in 2012. Of the top 100 municipalities, 56 scored less than 35. What is causing this? What’s going wrong with the municipalities?
17 Apr 2019 9AM English South Africa Business News · Investing

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