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.

<p>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.</p>

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

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

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