Amad stands alone on ‘R9,5bn loan’

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The ANC in the City of Johannesburg says it knows nothing about a potential loan of R9,5bn supposedly being raised by mayor Thapelo Amad from a private financer.

ANC caucus leader and MMC for finance Dada Morero said he too found out on social media that Amad was in conversation with a potential funder.

“The process starts internally, where Treasury develops a report on the basis of what they see on the cash flow and whether we are required to raise a loan with any of the big four banks, the Development Bank of SA or go out into the market. Treasury then compiles a report and takes it to the mayoral committee. The committee goes through it and if there is justification for the loan, the report is taken to council for a decision,” said Morero.

He said the ANC still had confidence in Amad being the strongest candidate the party could back to lead the city.

 

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Yaqala ke inkathazo.

Isn't it funny (painful funny),that the only two power stations built by the democratic govt don't work properly?

This is the same loan that mpho...Turned down...Then Thapelo emphasizes that is needed...When coming in is a Mayer.

The ANC EFF alliance should take responsibility for their folly. Appoint a $& and get robbed blind.

No one helps no one even if you elected after certain closure .

😂🤣

Liars

This bro looks like a 'Model C' MaLeven 😅

ANC asleep at the wheel!

Who is paying that loan?

The repayments on that amount would be astronomical 😳😂

This is exactly how the country was sold to a family, with this guy the intention was to sell the city, and the blabber mouth prematurely spilled the beans

Mayor Gayton ditches the 'Ditherer' , fuckers 😂🤣 VoetsekANC 💩🖕

Abramjee Action4SA GaytonMcK MYANC - as predicted when the announcement was made - THE SCAPEGOAT - These issues are beyond the Mayor's comprehrnsion. No guesses who is the puppet master

Does he even know what to do with that money

Who's that private financier it could be Gold Leaf mafia laundering money 🤷‍♂️😳

Funny guy.

...they TAUGHT him the ANC WAY,LIE AND STEAL...

He needs a mentor.

Lesufi and Juju will rob us blind

One of those scams where you qualify for R9 billion, but you must pay an upfront admin fee of R500 million.

The ANC in Gauteng under Lesufi need to correct this anomaly - they impose him to the citizens of Johannesburg, Gayton has revised his view by calling for this imposter to step down - the ANC in Gauteng need to follow suite

Lol. They threw this poor chap under the bus at the first opportunity.

Does the ANC ever know anything ?

This Guy looks my age and I’m proud only for that now

This Amad clown is good for the public and opposition parties he's still raw when it comes to lying he spilt the beans and told us what the plan was, to loan 9.5B then loot it

Why? voters got what they voted for, let him stay mayor, thats what the people want.

Jesus Christ. Loan for monies to be stolen?

KoketsoResane Maybe ask Lesufi..after all he was in TV boasting about training his man..

Awusakhoni nekutsi Yhoooo. My “Yhooo’s” for the year have been exhausted.

We are now in the age of governace by 'mere example'.

He was always a stooge...the guy placed to take the fall...scape goat in chief.

This man must be removed as the mayor of JHB

🤣🤣🤣🤣Now they are throwing him under three bus ,I know fog sure they were instructing him to take that loan🤣

They never distanced themselves from de Ruyter, we're not surprised, it's their modus operandi.

The cadres need pocket money

Poor Thapelo,he is not that communication and Public relation circumcised

They know, maybe they're just not part of the dinner table

Ifilimu😂😂

They don’t even need to throw this clown under the bus. He walked into the bus all by himself

Hawu, lomtaka. Engena nje?

Does he even know what a Billion is

Shame he should of known that he would be a casualty. ANC will throw him under the bus too

Shimza33 But why should the anc know? Isn't Thapelo the Mayor Can't he close deals? Hmmmph Gayton

ANC looking for a fall guy now

The ANC knows nothing. Period.

But in the statement they issued for media release they said they do know about it and it’s just of many options that the city have proposed to deal with the aftermath of Covid 19.

🤣🤣😂

Azikhale ke.😅😅😅

Yeah right.

Those smaller parties are just used as door mats by ANC and EFF losers so that they regain powers in metros.and this is embarrassing 🤔

He was betrayed 😢 by the people who put him in that mayor position

Mabokisi 🤣 they bypassed him

Thapelo Amad is throwing spanner in the works. 🤣🤣

Clowns!!!

Already having issues!! Aaaai these Metros esp Gauteng is a mess, Tshwane is worse

I think he got an e-mail from a Nigerian prince...

Which one do they know?

I feel sorry for this guy. They let him bit off more than he could chew. He was pushed in at the deep end and nobody seems to be saving him.

Anele Who is this man?

This one is experiment gone wrong a position which is far beyond his level and I wonder how many like him are in those seats at government.

The joke is on us 'joburgers', the joke is on us voters, jah the joke is on us taxpayers, the joke is on us citizens of SA

Dada is the MMC of Finance in the city of JHB but he knows nothing🥴🥴🥴

Guys as citizens one thing we have learned is that SA political parties are not matured enough to run successful coalitions and municipalities are suffering. I think it would be worse in the national government, we will have a new President every 3 months,coalitions are complex

Imagine they just turn their back on him.

If the ANC was a travelling circus it would have closed down. The only acts would be clowns. No trapeze, juggling, magicians, knife throwers. Only clowns. Too many clowns.

The ship is about to sink with stand-in captain Thaphelo while while the so called rescuers (ANC) stand and watch

Anele 🙈🙈🙈

He was a stand-in anyway. We know that. Maybe they are ready to reply him now?

Lol. This is the ANC and EFF for you. Lol. Your choice of mayor embarrassing you? Lol

Anele Can he just do the honour and step down Yoh 🥴🥴

😂🤣🤣🤣😅😅 ahhh comrades are at work

“Thapelo is a candidate of the ANC. The [ANC Joburg] REC (regional executive committee) backed and supported him. The ANC has not shifted from that view. We are convinced he is the right guy for the job. The ANC does not see him as a puppet mayor.' - Dada Morero ANC Joburg Region

You're a joke. You are all a joke...

And just there mayor you are thrown under the bus!

Contradiction in CityofJoburgZA

How it should actually work is : The City runs a Budget of Income and Expenses. The difference is 'Profit' to be applied to Infrastructure and Development. Borrowing has to be paid back. It means somebody fck'ed up.

ANC is selling this guy out now

😂

😂😂😂😂😂😂

He must be assisted out of that office.

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