Weighing the case for $1bn municipal infrastructure loan
Dr Lumkile Mondi, lecturer at Wits Business School, explains why the loan is crucial for infrastructure maintenance and the credibility of municipal finances.
A proposed $1bn municipal infrastructure loan is being assessed for its role in funding maintenance backlogs and restoring credibility to municipal finances, according to Wits Business School lecturer Dr Lumkile Mondi. The case rests on whether the borrowing improves service delivery and revenue collection enough to justify the added debt burden on local government balance sheets.
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