CAPE TOWN - Many municipalities across the country are grappling with significant debt challenges.
To systematically address these local government failures, Finance Minister Enoch Godongwana has announced several initiatives.
Among them, the Eskom Municipal Debt Relief Programme.
It is designed to alleviate the financial burdens faced by municipalities and enhance their capacity to provide essential services.
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"As things stand, 50 of the 257 municipalities in the country have active financial recovery plans," he said.
"To resolve local government failures systematically, several initiatives are underway. The Eskom municipal debt relief programme is among these interventions.
"Since February when we last reported on the relief programme, around 70 of the municipalities that had applied for debt relief have been approved."