A massive R3.5billion in unauthorised, irregular, fruitless and wasteful expenditure has highlighted the alleged dire state of Joburg’s finances. TheStar_news
At a briefing last month, about two months after he succeeded Herman Mashaba as mayor, Makhubo claimed the city was on the brink of financial ruin and blamed the DA-led coalition government for the situation.
Mashaba, however, slammed these claims, saying Makhubo had been predicting collapse since August 2016, when the DA took over Joburg. Joburg spokesperson Nthatisi Modingoane acknowledged that the city was not paying all its creditors within 30 days, but said that it was remedying this anomaly.
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