New cash management system at 7 KZN municipalities
KwaZulu-Natal Treasury will implement a cash management system in seven municipalities.
The department says the system is aimed at improving service delivery and financial controls.
The municipalities that will make use of the new system include Ugu District, Richmond, uMngeni, Nkandla, iMpendle, uMfolozi and Ulundi.
The KZN Finance Department's Nkosikhona Duma says MEC Francois Rodgers will attend the official signing ceremony on Wednesday.
"The CMS aims to resolve a myriad of financial management challenges at local government level, including implementation of debt collection and credit control policies, overspending, management and utilisation of conditional grants.
READ: Debt to hit R6.8 trillion by 2027, says Treasury
"Ultimately, the CMS aims to improve service delivery, ensure timeous payments to service providers, and reduce budget deficits at local government level, among other initiatives.
"Accordingly, MEC Rodgers will this week convene a high-level gathering involving mayors, municipal managers, chief financial officers, and project champions."
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