By Busiswe Mavuso
- Our metros are the economic hubs of our country and it is completely unacceptable that most cannot get basic financial management right.
- Challenges faced by municipalities are driven by a lack of financial management skills and vacancies – there simply aren’t enough qualified people working in local government to ensure the accounts are done properly.
- The state of financial management tracks with the level of basic service delivery – Johannesburg, which most of our biggest companies call home, has been in a state of gradual decline for many years.
The financial state of our municipalities is shocking and a serious constraint on economic growth.
Only one of the eight metros gets a clean audit – Cape Town – with Buffalo City, Tshwane, Mangaung and Nelson Mandela Bay getting qualified audits indicating material failures in the accounts.
Johannesburg, eThekwini and Ekurhuleni received unqualified audits but with findings, indicating
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