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Treasury cuts off funds to 15 North West municipalities
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Treasury cuts off funds to 15 North West municipalities
By Palesa Matlala · Municipalities failed to pay pension funds, submit budgets and fix irregular spending — now Treasury has pulled their equitable share payments. · The funding freeze could stop salary payments and basic services, deepening the crisis in already struggling towns. The National Treasury has frozen payments to 15 municipalities in the North West province that failed to meet basic financial requirements. In a circular dated 9 Dec…
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