# The Public Servants Association says it is alarmed by South Africa’s deteriorating financial health owing to the crumbling state of municipalities and state-owned entities. The PSA says the recent Financial Stability Review by the South African Reserve Bank highlights the severity of the situation, with government’s debt burden expected to peak at nearly 80-percent of gross domestic product, which is a recipe for disaster. The association’s Claude Naiker says the PSA is urging government to implement robust financial management practices:
PSA calls for urgent interventions on crises in municipalities and state-owned entities [SOUND]
ENG ClaudeonCrisis