Mogale City’s Mismanagement Of Finances Will Impact Services, Says DA Mayoral Candidate Tyrone Gray

DA Mogale City mayoral candidate Tyrone Gray said Mogale City residents will suffer poor service delivery in the municipality due to budget deficits racked up by the ANC-led government

This comes after the Mogale City Local Municipality held the Section 80 Portfolio committee meeting on Finance on Tuesday, which revealed the dire financial straits that the municipality finds itself in.

According to Gray, the report presented revealed that the total revenue excluding capital expenditure stands at R621 million.

Expenditure amounts to R442 million which gives the municipality a surplus of R179 million.

However, the surplus only exists on paper as it does not account for the R262 million which is owed to Eskom after the reduction from the R390 million which was owed by the end of July 2021.

Water and electricity finance are showing losses of over R149 million when comparing the actual income with the actual expenditure, the