ADM asks national treasury for R150m

Bankrupt Amathole district municipality has gone cap in hand to the national government asking for a R150m bailout it says it will offer to workers who want to take early retirement.

A mutual separation agreement (MSA) programme is one of the measures the municipality has announced in a drive to cut its bloated salary bill, which stands at R63.6m a month for 1,604 workers...

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