Pretoria - In the third quarter of this year South Africans shelled out 72.2% more for municipal services than during the same period two years ago.
Annual municipal rates and services tariffs were now equal to the total amount that South Africans paid in personal tax. But for this massive contribution they received little value for money, said Economists.co.za director Mike Schüssler, who reported these statistics.
He reckoned these large increases equalled a 3.37 percentage point rise in interest rates, reports fin24. Read the full report by clicking HERE.
It was no wonder, he said, that interest-rate cuts did not have the desired outcome of getting consumer expenditure rolling forward. A large part of these savings were being sucked up by municipal accounts.He said local authorities needed to reduce costs, and municipal officers' salaries were excessive.
It was not a case of too little money. Municipalities were hopelessly ineffective.
Schüssler said the fact that municipalities' outstanding debts were continually rising was a sign that consumers were being tapped dry.
Dit is ongehoord om salarisverhogings en prestaSiebonusse toegeken te word as ouditeursverslae dui op totale onbevoegdheid. Bonusse vir droogmaak?? Salarisverhogings vir droogmaak,onbevoegdheid en plain onnoselheid? Net in die land van die swape kan soiets moontlik wees. Aanvaar ons dit maar so----moenie dan kla nie. Ons word regeer deur swendelaars,kansvatters,mense wie se kennis en denke nie die sensitiefste skaal sal roer nie.Ons is polities te korrek en sal uiteindelik 'n duur prys betraal vir gedienstigheid aan sotte,skelms en pelle vir pelle
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