Breaking local news in Boksburg
The City of Ekurhuleni has rejected claims suggesting that the municipality is facing a financial crisis and that it is on the brink of collapse.
Even the ANC, which is part of the coalition government, and several other opposition parties including ActionSA, raised serious concerns over what they called deterioration of the city's finances.
He said the reason for that is that the city had just closed off the financial year that was concluded on August 31, and that would always have a serious financial constraint on the basis that all financial statements, suppliers and creditors would have to compile all of their invoices for the end of the financial year, including those that have not been declared before to the Department of Finance, which would then increase what is owed.
“We still want to be in a better financial position, hence we have introduced programmes such as operation Siyacima Manje-Namhlanje. This seeks to recoup R5b that is lost as a result of overdue accounts that are sitting with state-owned enterprises, government departments as well as businesses in the city.
“If we are being honest enough, none of us must attempt to turn a blind eye to this reality of a regressing financial base, hence the ANC caucus greatly welcomes this profound extraordinary council meeting.
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