The treasury released financial results for the fourth quarter of the 2010/11 municipal financial year. PAUL BERKOWITZ compares the numbers with previous years and reflects on another year of wasted opportunities.
As a whole, municipalities continue to improve the quality of information they submit to treasury. Three years ago fewer than 50 municipalities produced financial reports, whereas this financial year every single one has submitted data. There’s not much other good news, sadly. The results released on Friday cover the period April to June 2011 and provide a bird’s-eye view of the financial well-being of all 283 municipalities.
Read more at http://dailymaverick.co.za/article/2011-09-07-another-municipal-year-passes-along-with-wasted-chances
Read more at http://dailymaverick.co.za/article/2011-09-07-another-municipal-year-passes-along-with-wasted-chances
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