municipal finance

In April this year eighteen municipalities in the Eastern Cape owed creditors more than R167 million in unpaid accounts over thirty days. In five municipalities this was caused due to cash flow problems. This is impacting negatively on service delivery to poor communities. In terms of section 65(2)(e) of the Municipal Finance Management Act (MFMA) municipalities are compelled to pay outstanding creditors within 30 days of receipt of invoice. A response to a written legislature question … [Read more...] about Eastern Cape Municipalities owe Millions in Unpaid Accounts