By Akani Nkuna
The Democratic Alliance (DA) in Tshwane has warned that the metro could face an “inevitable” cash-flow crisis within the next 12 months unless urgent steps are taken to stabilise its finances.
The party’s leadership in the capital, led by its mayoral candidate for next year’s local government elections, Cilliers Brink, proposed measures it said would prevent the city from sliding into a position where it was forced to draw on pension funds to cover operating costs.
“The expenses incurred by the city is much higher than the realistic collection of income, and this is a result of bad policy and bad government. Tshwane has been in an acute financial crisis since the city has been placed illegally under administration for a prolonged period of time in 2020,” said DA Tshwane spokesperson for utilities, Jacqui Uys.
“The city now faces a deficit of between R4 billion and R6
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