South Africa warned that rising municipal debt poses a growing threat to public finances, as the amount owed by financially distressed town councils continues to climb and local government elections loom, and said a legislative overhaul is under way to address the problem.
South Africa warned that rising municipal debt poses a growing threat to public finances, as the amount owed by financially distressed town councils continues to climb and local government elections loom, and said a legislative overhaul is under way to address the problem.
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