From deposit-takers to partners — how banks can rescue SA’s municipalities

From deposit-takers to partners — how banks can rescue SA’s municipalities

South African banks have long treated municipalities as transactional clients looking for deposit accounts, lending facilities and transaction fees. But as local government implodes under technical insolvency, revenue collapse and governance failure, this model is no longer tenable.

This summary is based on reporting by Daily Maverick.

Read the full article at Daily Maverick

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