Municipal debt is a pressing issue in South Africa, with local governments facing significant financial distress which has resulted in a cycle of financial instability that threatens the delivery of essential services. The debt owed by municipalities totals well over R100bn, with local governments owing substantial amounts to various entities, including water boards and state-owned power utility Eskom. Minister of Water and Sanitation Pemmy Majodina recently revealed that water boards currently have outstanding municipal debt of about R130bn while National Treasury figures show that municipal debt to Eskom has surged to almost R110bn. Click here to read the full article