43 South African municipalities have collapsed, 151 on the brink — Treasury

43 municipalities require urgent rescue while another 151 are deemed “bankrupt and insolvent”, and are unable to pay creditors and third parties, including the South African Revenue Service and pension funds.

43 South African municipalities have collapsed, 151 on the brink — Treasury
43 municipalities require urgent rescue while another 151 are deemed “bankrupt and insolvent”, and are unable to pay creditors and third parties, including the South African Revenue Service and pension funds.