Tuesday 20 November 2018
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dailymaverick - 22 days ago

STATE OF CITY FINANCES: Cities to face R569bn funding gap in 10 years unless finances are fixed

A new report says the capital expenditure funding gap for the country’s nine largest cities will increase from R18-billion in 2017 to R569-billion over 10 years if they don’t reform their finance models. Unless the gap is closed, sufficient services won’t be delivered and society will suffer.

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