Discover and read the best of Twitter Threads about #paymentrevolts
Most recents (1)
Honest payers are charged more in SA when others do not pay. The Payment crisis could lead to a revolt from thew honest and working citizens at least on a municipal level. A short exsplain follows below. 1/10
SA municipalities are under pressure from a payment crisis. Even after accounting for Government transfers for free water and lights the total debt that has been outstanding for over 90 days was R123,4 billion for SA municipalities as at September 2018! 2/10
In the last three years R52 billion was impaired. The impairment costs meant that services charges had to be at least 8% higher. Also means older assets are left to be impaired (not printed seperately) - think electricity outages at municipal level. 3/10
