KZN Finance MEC Rodgers Sounds Alarm: Municipalities Urged to Settle Pension Fund Arrears
2025-01-15
MSN
In a bid to avert a financial crisis, KZN Finance MEC Rodgers has issued a stern warning to municipalities to pay their outstanding pension fund contributions. The Okhahlamba Local Municipality, located in northern KZN, has been singled out with alleged arrears exceeding R11.4 million as of December 2024. This alarming trend has sparked concerns over the financial management of local governments, highlighting the need for improved fiscal responsibility and pension fund management. With the threat of compounded debt and potential penalties, municipalities are under pressure to settle their arrears and ensure timely pension fund contributions. Financial governance and municipal debt are critical issues that require urgent attention.
