Municipality’s debt to be investigated by task team

Polokwane Mayor, Thembi Nkadimeng.

POLOKWANE – During the last council meeting of the Polokwane Municipality on 31 January, it was proposed a task team be set up to look at the municipal debt, as the debt was “spiralling out of control”, according to opposition members.

You might also want to read: Writing off of muni debt nothing new – Mayor Thembi Nkadimeng

Polokwane Mayor, Thembi Nkadimeng, said the task team may comprise 10 members, including an administrative and political component. She added the team will not investigate the Mangkweng debt specific but look at the overall debt of the municipality.

The debtor’s book stood at R840,035 million as at 31 October. Households formed the bulk of the debtors with debt of R683,827 million, commercial debt stood at R115,082 million and organs of state at R38,885 million. The remainder comprised other debts.

According to a report before council for the period ending 31 October 2017, municipal revenue performance stood at 40%, expenditure performance at 31% and capital performance equalled 22% of the capital budget for 2017/18.

[email protected]

For more breaking news follow us on Facebook Twitter Instagram or send us a message on WhatsApp 079 418 4404

  AUTHOR
Nelie Erasmus
JOURNALIST

Latest News

COMMENTS

Top

Thanks for your referral. We have no doubt your friends will love our newsletter as much as you!

Don't forget to verify your email.

to our FREE newsletter
SUBSCRIBE to our FREE newsletter.




SELECT your titles:

Capricorn Review
Review Online


Get regular news updates sent directly to your inbox.

Your source of local breaking news and trending stories from across the country.

Be a part of our growing community

1MILFacebook Fans
98KTwitter Followers
5MILMonthly Readers
12MILArticles Published Every Month
72Local Community Websites
CLICK HERETo view an example of our newsletter

SUBSCRIBE to our FREE newsletter

SELECT your titles:

Capricorn Review
Review Online

Get regular news updates sent directly to you inbox.

Your source of local breaking news and trending stories from across the country.

Be a part of our growing community

Subscribe Here
1MILFacebook Fans
98KTwitter Followers
5MILMonthly Readers
12MILArticles Published Every Month
72Local Community Websites
Your details:


Your friends: