Staff Reporter
Gauteng MEC for Finance Lebogang Maile said on Tuesday that there has been a slow economic growth across Gauteng’s municipalities, citing the 2024 Gauteng Socio-Economic Review and Outlook (SERO).
Mail said economic activity grew by only 0.6% in the most recent period, with projections of 1.3% for 2024 and 2.8% for 2025.
These figures, Maile warned, jeopardize the province’s developmental objectives, particularly poverty reduction and job creation.
Maile was tabling province’s medium-term budget policy statement at the Gauteng Provincial Legislature in Johannesburg.
He said the audit outcomes further underscore governance challenges.
“The most common findings identified by AG with respect to the challenges impacting the performance of municipalities relates to expenditure management, unauthorised, irregular and fruitless and wasteful expenditure, procurement and contract management, material misstatements or limitation in submission of annual financial statements and consequence management,” said Maile.
“Some progress was made where municipalities investigated unauthorised, irregular, and
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