Drakenstein named 'most financially healthy municipality' in SA

  |   Knysnanews

CAPE TOWN - The DA in the Western Cape has congratulated the Drakenstein municipality, who, for the second year in a row, has been named as the most financially healthy municipality in South Africa, according to the National Treasury "State of Local Government Finances and Financial Management Report" released this past week.

In 2018, Drakenstein shared this top position with the Umthlatuzi (Richards Bay) municipality in KwaZulu-Natal, DA Western Cape leader Bonginkosi Madikizela said on Sunday.

"Drakenstein municipality tops the list of 27 municipalities with the largest budgets and includes the towns of Paarl, Wellington, Mbekweni, Hermon, Saron, Gouda, and Simondium. According to the National Treasury report, the criteria used to measure the financial health of a municipality included eight key measures....

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