n IMFO : Official Journal of the Institute of Municipal Finance Officers - 7 Steps to financial competence - a municipal debt collections focus
|Article Title||7 Steps to financial competence - a municipal debt collections focus|
|© Publisher:||Institute of Municipal Finance Officers (IMFO)|
|Journal||IMFO : Official Journal of the Institute of Municipal Finance Officers|
|Publication Date||Winter 2013|
|Pages||12 - 13|
According to recently released June 2013 National Treasury Report, the debt owed to South African municipalities is currently sitting at approximately R84.2 billion, up from the debt owed in August 2012 of R77.6 billion. This increase in debt has led municipalities becoming less sustainable through escalating uncollectible debt, which affects the revenue of municipalities and therefore their ability to deliver services to its constituents.
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