Ubuntu Local Municipality in Victoria West, Northern Cape ended their financial year with substantial deficit and the acting manager is not sure whether the municipality is allowed to borrow funds in financial markets.

Advise him in this regard by referring to National Treasury regulations and determine where metros, secondary cities, and poorer municipalities tend to borrow money from.

Use referencing as well. 

Answer rating: 100% (QA)

When considering whether Ubuntu Local Municipality in Victoria West Northern Cape can borrow funds in financial markets its important to refer to Nati... View the full answer