City of Joburg in about-turn on R2 billion DBSA loan | The Citizen

  • 📰 TheCitizen_News
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 75%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

Last year, the DA-led coalition failed to convince the ANC, EFF and minority parties to approve the loan, which would have assisted the city’s financial position.💸 Full story here➡️

Councillors in the City of Joburg council chambers in Braamnfontein on 30 September 2022. Picture: Neil McCartney / The Citizen

The ANC, EFF and minority parties made a U-turn, tabling a motion to approve the loan as the city was in a “dire” financial crisis.ActionSA caucus leader Funzi Ngobeni slammed the move calling it “stark hypocrisy”. “While the ANC, EFF and partners are willing to frustrate service delivery to serve their narrow political interests, we will fight hard to defend the interest of our residents,” Ngobeni added.because the multi-party coalition claimed the city did not have financial troubles.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

City Power disconnects popular Apartheid Museum in JoburgCity Power has disconnected electricity supply to the Apartheid Museum and other business centres due to millions in outstanding debt.
Source: TheSAnews - 🏆 25. / 59 Read more »

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 »

ActionSA criticises U-turn on loan by ANC-EFF Joburg coalitionIn 2022, the DA-led coalition failed twice to get councillors to approve a $2bn loan to be used to improve Joburg’s liquidity position
Source: BDliveSA - 🏆 12. / 63 Read more »