• IS provokes sea-change

    It has been a grave mistake to defy both Russia and France, says Leopold Scholtz.

  • Nene's SAA nemesis

    No political figure seems to have the guts to speak out against Dudu Myeni, says Solly Moeng.

  • The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

All data is delayed
See More

Councils owed billions in debt

Dec 02 2010 16:43

Pretoria - Municipalities are owed a staggering R37.7bn by households, while the government owes them about R3.4bn, according to a report released by the National Treasury on Thursday.

It showed that total aggregated consumer debt to municipalities and metros stood at R62.3bn as at September 30.

Of this, the government accounted for R3.4bn or 5.5%.

Households accounted for the largest component, at R37.7bn or 60.6% of the total.

The budget statement for local government for the first quarter of the 2010/11 financial year showed metropolitan municipalities were owed a total of R35.4bn at September 30.

This is an increase of R3.9bn or 12.4% from the same period last year. The biggest percentage growth from the previous year was in the City of Johannesburg, where it went up 23.5% or R2bn.

Nelson Mandela Bay's (Port Elizabeth's) debtors' book increased 16.5% or R275m, the Ekurhuleni metro's 15.1% or R1.1bn and Cape Town's by 11.8% or R558m.

The statement covers revenue and expenditure, and conditional grant spending of municipalities for the period July 1 to September 30 2010.



Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote