ActionSA criticises U-turn on loan by ANC-EFF Joburg coalition

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In 2022, the DA-led coalition failed twice to get councillors to approve a $2bn loan to be used to improve Joburg’s liquidity position

City of Joburg council chamber. File picture: VELI NHLAPO

ActionSA Joburg caucus leader Funzi Ngobeni said the move by the ANC-EFF coalition is hypocrisy and exposes the extent to which the government of local unity coalition would compromise the best interests of residents for political expediency. The ActionSA caucus leader claimed the R2bn loan would have formed part of the city’s funding plan for the medium-term capital budget the council approved in May 2022 and was intended to strengthen service delivery.

“The DA was consistent that the city has no financial crisis and we felt there’s no need to burden the city with high interest repayments of the loan when they claim to have money. It’s only at the point of us taking office that we realised the city is in a dire financial standing and only had R400m in its bank account, which is information the DA has been hiding from the people of Joburg,” said Morero.

 

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ActionSA slams ANC-EFF Joburg coalition for wanting to approve R2bn loan they previously rejectedActionSA has slammed the ANC-EFF coalition government in Johannesburg for seeking to approve a R2bn Development Bank of Southern Africa loan it had previously rejected from the opposition benches. But their cars must have high mileage !! Mashaba is a modern day Robin Hood And the same Action4SA of HermanMashaba shielded the 20billion corruption of Our_DA for +/- 7 years. Herman is defending CORRUPTION of Whites and he has name for it: COLLUSION.
Source: TimesLIVE - 🏆 28. / 59 Read more »