You can’t fix infrastructure with accounting
ANALYSIS: Linking public infrastructure investment to depreciation is not as simple as it sounds.
Councils might argue their revaluations simply reflect the escalating costs of replacing the asset.
If, as a ratepayer, you have ever wondered why your rates keep going up as services go down, the Auditor-General has felt your pain.
In the words of the A-G: “That municipal functionaries should be so insistent with regard to these additional funds is easily understandable, as it affords
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