About 75 municipalities in South Africa risk losing their government funding, known as equitable share allocations, this month after the National Treasury moved to penalise alleged financial mismanagement. The decision has sparked a sharp reaction from Salga, a government-linked association that represents all 257 municipalities in the country. Salga has questioned the fairness and transparency of the National Treasury's process that resulted in the funds being withheld. Nhlanhla Mahlangu spoke to Lerato Phasha, Salga's Portfolio Head for Municipal Finance, Fiscal Policy and Economic Growth.

About 75 municipalities in South Africa risk losing their government funding, known as equitable share allocations, this month after the National Treasury moved to penalise alleged financial mismanagement. The decision has sparked a sharp reaction from Salga, a government-linked association that represents all 257 municipalities in the country. Salga has questioned the fairness and transparency of the National Treasury's process that resulted in the funds being withheld. Nhlanhla Mahlangu spoke to Lerato Phasha, Salga's Portfolio Head for Municipal Finance, Fiscal Policy and Economic Growth.

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In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.

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Africa in Business

75 municipalities in South Africa at risk of losing government funding

As G7 Finance Ministers meet in Paris with rising energy prices dominating discussions, African countries continue to grapple with mounting debt pressures, higher borrowing costs and growing uncertainty in the global economy amid ongoing tensions in the Middle East. 

Against this backdrop of mounting economic pressures and leadership challenges across the continent, our economics reporter Innocent Semosa examines what is at stake for Africa as leaders search for solutions to secure sustainable growth and long-term economic resilience.

As G7 Finance Ministers meet in Paris with rising energy prices dominating discussions, African countries continue to grapple with mounting debt pressures, higher borrowing costs and growing uncertainty in the global economy amid ongoing tensions in the Middle East.&nbsp;
Against this backdrop of mounting economic pressures and leadership challenges across the continent, our economics reporter Innocent Semosa examines what is at stake for Africa as leaders search for solutions to secure sustainable growth and long-term economic resilience.

G7 Finance talks highlight mounting pressure on African markets

As Africa's mining sector faces increasing pressure to deliver tangible economic value.

This comes against the backdrop of previous Mining Indaba gatherings, where discussions have consistently centred on unlocking Africa's mineral wealth, attracting investment, and strengthening partnerships between governments, investors, and mining companies.Against this evolving landscape, Investing in African Mining Indaba is set to unveil the official theme for Mining Indaba 2027.

To unpack these developments further, we are now joined by Laura Nicholson, Industry Director at Investing Mining Indaba.

As Africa's mining sector faces increasing pressure to deliver tangible economic value.
This comes against the backdrop of previous Mining Indaba gatherings, where discussions have consistently centred on unlocking Africa's mineral wealth, attracting investment, and strengthening partnerships between governments, investors, and mining companies.Against this evolving landscape, Investing in African Mining Indaba is set to unveil the official theme for Mining Indaba 2027.
To unpack these developments further, we are now joined by Laura Nicholson, Industry Director at Investing Mining Indaba.

Mining Indaba 2027 theme set against growing pressure for economic value

The Chief Executive Officer of AUDA-NEPAD, Nardos Bekele-Thomas, is urging African leaders to move with greater urgency in transforming the continent's bold development plans into real, measurable results.

Bekele-Thomas was speaking at an AUDA-NEPAD gala dinner in Johannesburg, South Africa, held in honour of its Steering Committee and marking 25 years since the establishment of NEPAD.

 Our economics reporter, Innocent Semosa has more.

The Chief Executive Officer of AUDA-NEPAD, Nardos Bekele-Thomas, is urging African leaders to move with greater urgency in transforming the continent's bold development plans into real, measurable results.
Bekele-Thomas was speaking at an AUDA-NEPAD gala dinner in Johannesburg, South Africa, held in honour of its Steering Committee and marking 25 years since the establishment of NEPAD.
&nbsp;Our economics reporter, Innocent Semosa has more.

75 municipalities in South Africa at risk of losing government funding

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