Delivering his first state of the city address, Joburg mayor, Kabelo Gwamanda said the city’s finances remained strained.Joburg mayor Kabelo Gwamanda says when the coalition led by his party Al Jama-ah took over from the DA-led coalition government this year, it found a “near-bankrupt municipality" with more than R6.6bn in unpaid supplier invoices.
“Following the tabling of a conceptually flawed budget by the multiparty government and the resultant clandestine management of the city’s finances, the GLU found itself in a budget rebasing exercise in the adjustment budget process, and is grappling with finding innovative, novel and financially prudent mechanisms to ensure that service delivery continues,” said Gwamanda.
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DA-led coalition left Joburg City in deep debt, says mayor GwamandaJoburg mayor KabeloGwamanda says when the coalition led by his party Al Jama-ah took over from the DA-led coalition government this year, it found a “near-bankrupt municipality' with more than R6.6bn in unpaid supplier invoices.
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