Treasury will release R7.1-billion to municipalities [SOUND]

# Finance minister Enoch Godongwana says National Treasury will begin releasing the remaining withheld local government equitable share transfers from Friday. The funds were withheld from 69 municipalities over failures to comply with the Municipal Finance Management Act. Godongwana says the measure was introduced to improve financial accountability. He confirmed a total of 7.1-billion-rand will be paid to qualifying municipalities that have met financial compliance requirements: