Emfuleni News

Emfuleni’s finances stabilizing

The Emfuleni Local Municipality seems to be succeeding in stabilising its finances. This was reported by the Executive Mayor when she tabled the 2010/11 annual report in a Council sitting held on 28 February 2012.

The report notes that during the reporting period of 2010/2011, municipality experienced serious cash-flow complications that necessitated the raising of a short term loan of R70 million for working capital purposes.

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