-Advertisement-spot_img
spot_img

OR Tambo District cuts debt from R442m to R32m, Parliament told

Must read


By Akani Nkuna

OR Tambo District Municipality municipal manager Basil Mase told Parliament on Tuesday that the municipality has made substantial progress towards stability and reducing irregular and wasteful expenditure that had become synonymous with the district in recent years, following intensified revenue and debt collection efforts.

The OR Tambo District Municipality and Buffalo City Metro Municipality appeared before the Standing Committee on Public Accounts (SCOPA) and the Portfolio Committee on Cooperative Governance and Traditional Affairs (COGTA) to discuss their latest audit outcomes and investigations by the Special Investigating Unit (SIU).

Mase told SCOPA that the district’s executive mayor implemented a National Treasury-sanctioned Recovery Plan, which helped reduce the municipality’s debt from R442 million in 2022, when the current administration assumed office, to R32 million.

He said the remaining amount would be paid off by June this year.

This, he added, comes while the municipality currently holds more than R1

You’ve reached your free article limit

Subscribe to enjoy unlimited access to trusted journalism. Start your free trial today.

Start your FREE trial now

Need help? molokom@insideeducation.co.za

-Advertisement-spot_img

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Inside Education Quarterly Print Edition

spot_img

CATHSSETA

spot_img

QCTO

spot_img

AVBOB STEP 12

spot_img

Inside Metros G20 COJ Edition

spot_img

JOZI MY JOZI

spot_img

Inside Education Quarterly Print Edition

spot_img

Latest article