South Africa: Supporting the unviable municipalities through innovative financing solutions

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During the inaugural Council of Mayors which took place in Cape Town, Parks Tau, president of the South African Local Government Association highlighted the need to identify and implement innovative financing solutions at local level, with a view to supporting the “unviable” municipalities, that is to say those that are under financial strain.

[fulltext] =>

During the inaugural Council of Mayors which took place in Cape Town, Parks Tau, president of the South African Local Government Association (SALGA) highlighted the need to identify and implement innovative financing solutions at local level, with a view to supporting the “unviable” municipalities, that is to say those that are under financial strain.

 

The measures suggested by Tau include alternative revenue streams and the review of the current fiscal framework and of the funding of municipalities, as well as other instruments such as social impact bonds and green bonds. SALGA will be working closely with both the government and Parliament to implement the necessary changes, with the aim to put unviable municipalities on the road to sustainability and to reinforce the progress already noted in the 2016 Statistics South Africa’s non-financial census of municipalities.

 

Read the whole article.

 

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During the inaugural Council of Mayors which took place in Cape Town, Parks Tau, president of the South African Local Government Association highlighted the need to identify and implement innovative financing solutions at local level, with a view to supporting the “unviable” municipalities, that is to say those that are under financial strain.

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During the inaugural Council of Mayors which took place in Cape Town, Parks Tau, president of the South African Local Government Association (SALGA) highlighted the need to identify and implement innovative financing solutions at local level, with a view to supporting the “unviable” municipalities, that is to say those that are under financial strain.

 

The measures suggested by Tau include alternative revenue streams and the review of the current fiscal framework and of the funding of municipalities, as well as other instruments such as social impact bonds and green bonds. SALGA will be working closely with both the government and Parliament to implement the necessary changes, with the aim to put unviable municipalities on the road to sustainability and to reinforce the progress already noted in the 2016 Statistics South Africa’s non-financial census of municipalities.

 

Read the whole article.

 

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During the inaugural Council of Mayors which took place in Cape Town, Parks Tau, president of the South African Local Government Association (SALGA) highlighted the need to identify and implement innovative financing solutions at local level, with a view to supporting the “unviable” municipalities, that is to say those that are under financial strain.

 

The measures suggested by Tau include alternative revenue streams and the review of the current fiscal framework and of the funding of municipalities, as well as other instruments such as social impact bonds and green bonds. SALGA will be working closely with both the government and Parliament to implement the necessary changes, with the aim to put unviable municipalities on the road to sustainability and to reinforce the progress already noted in the 2016 Statistics South Africa’s non-financial census of municipalities.

 

Read the whole article.

 

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