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Municipal capital budget spend at 77%

13th September 2013

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

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South Africa’s municipalities have failed to spend their full capital budgets for the financial year to the end of June, reflectingthe challenges of planning for the implementation of capital projects.

The country’s municipalities spent R41.7-billion in the 12 months under review, which was only 76.7% of the collective adjusted capital budget of R54.4-billion.

Metropolitan regions spent 85%, or R22.7-billion, of the collective R26.7-billion budget.

Ekurhuleni, the City of Tshwane and Johannesburg were the only regions to achieve spend reaching over 90% of the allocated budget, with Tshwane recording a 93% spending rate.

Buffalo City recorded the lowest capital budget spend at only half, followed by Mangaung, with 75.8%, and eThekwini, with 78.4%.

Of South Africa’s 286 municipalities, 228 did not spend their full capital budget, 13 were considered on target and 28 overspent their capital budgets

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Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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