South African Auditor-General Thembekile Kimi Makwetu released the country's latest municipal audit report on June 26, the Daily Maverick reported June 27. Separately, South Africa entered its 67th month of weakening economic growth, according to the Reserve Bank's Quarterly Bulletin released June 27, Bloomberg reported.

South Africa: Audit Finds Most Municipalities Lack Financial Health Amid 67th Month of Economic Malaise

South African Auditor-General Thembekile Kimi Makwetu released the country's latest municipal audit report June 26. Only 18 out of 257 municipalities received a clean bill of financial health, and more than 90 percent of municipalities had not complied with key legislation.

SITUATION REPORT

South Africa: Audit Finds Most Municipalities Lack Financial Health Amid 67th Month of Economic Malaise

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