DA-led Midvaal the best performing municipality in Gauteng
10 August 2020
Please find an attachment on the financial sustainability of municipalities from Ratings Afrika here.
The Democratic Alliance (DA) applauds the DA-led Midvaal Municipality for continuing its good governance practices and managing its financial resources in a sustainable manner.
This can be seen in the Ratings Afrika annual Municipal Financial Sustainability Index (MFSI), released on Friday for the financial results of the 100 largest municipalities in the country.
The MFSI is a scoring model that evaluates six components of municipalities, including the operating performance, liquidity management, debt governance, budget practices, affordability and infrastructure development of a municipality, and scores these out of 100.