Godongwana Warns Municipalities Against Reliance on Declining Electricity Revenue
By Ragheema Mclean Finance Minister Enoch Godongwana says many municipalities can no longer rely on electricity sales as a major source of income, warning that the model is becoming unsustainable as electricity consumption declines. Godongwana was speaking following National Treasury’s decision to temporarily suspend funding to 69 municipalities due to concerns around financial mismanagement. He said municipalities need to improve revenue collection and strengthen financial management practices to ensure long-term […]
