# Economist Gina Schoeman says deteriorating municipal services are undermining South Africa’s efforts to improve business confidence. Schoeman told delegates at the Money Summit that reforms in electricity and logistics, supported by stable fiscal and monetary policy, were being offset by failing municipal infrastructure. Meanwhile, National Treasury director-general Duncan Pieterse acknowledged municipalities face challenges in investing in infrastructure. He said Treasury is working with metros to improve accountability and ensure revenue is reinvested in services. Schoeman says reliable basic services are crucial for investment and economic growth.
Economist warns municipal failures undermine business confidence