Water boards face bankruptcy over unpaid municipal bills
- 90.6 FM News
- Sep 2, 2024
- 1 min read
SEDIBENG - Two major South African water boards, Vaal Central and Magalies Water, are facing bankruptcy amid failure to pay municipal bills. The boards owe R22.4-billion in combined debt, burdened with non-payment exceeding 60 days, The boards have also inherited liabilities from the now-bankrupt Sedibeng Water. The Department of Water and Sanitation is negotiating payment plans with at-risk municipalities to address the growing crisis.
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