On the subject....this morning's Cape Times runs with this lead story: "28 Council members owe city R480k, while government departments owe R218 million. The total arrears stands at R3.6 billion." I know a little about finance, and it would appear as though the city's having some serious cash flow problems. It seems as though the best way to make up for the shortfall would be to collect more from the obedient residents by increasing property values and, in turn, municipal rates. This would certainly be far more cost and time effective than pursuing the defaulters.
Assholes!
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1 comment:
Well written article.
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