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South Africa: Time to Pay Up - a Look At Municipal Debt
Earlier this week, we reported on Kai !Garib Municipality in the Northern Cape, home to about 85,000 people. It is more than R1-billion in debt, most of it owed to Eskom. Its annual revenue in 2025 was less than R400-million. That is not enough to deliver essential services, let alone pay off its debt. [...]