Nelson Mandela Bay denies it is broke after Treasury freezes funding
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Summary
Nelson Mandela Bay denies it is broke after Treasury freezes funding. The metro was among 69 municipalities across all nine provinces that did not receive this month's equitable share transfers, after the treasury on Tuesday cracked the whip on councils that have failed to account for billions of rand in wasteful spending. Nelson Mandela Bay carried the highest unauthorised, irregular, fruitless and wasteful expenditure burden in SA, with about R30bn accumulated over two decades.
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Nelson Mandela Bay denies it is broke after Treasury freezes funding.
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The metro was among 69 municipalities across all nine provinces that did not receive this month's equitable share transfers, after the treasury on Tuesday cracked the whip on councils that have failed to account for billions of rand in wasteful spending.
according to IOL (Independent Online)Nelson Mandela Bay carried the highest unauthorised, irregular, fruitless and wasteful expenditure burden in SA, with about R30bn accumulated over two decades.
according to IOL (Independent Online)
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