Johannesburg is one of the municipalities identified by the National Treasury for persistent failures to comply with the Municipal Finance Management Act (MFMA), including failures to address unauthorised, irregular, fruitless and wasteful expenditure and to implement robust consequence management.
BUILD One South Africa (Bosa) said this week that the National Treasury’s decision to temporarily withhold Johannesburg’s July equitable share allocation confirms that South Africa’s economic capital is paying the price for years of financial mismanagement, weak governance and a total absence of accountability.
“Johannesburg is one of the municipalities identified by National Treasury for persistent failures to comply with the Municipal Finance Management Act (MFMA), including failures to address unauthorised, irregular, fruitless and wasteful expenditure and to implement robust consequence management.
“Johannesburg is a city with immense possibility and potential that is being held back by poor governance. Voters must end this cycle come 4 November and vote for principled and capable leadership focused on building a city that works,” Bosa said in a statement.
The political movement said every rand lost through waste, corruption or poor financial management was a rand that could not be used to repair roads, fix traffic lights, maintain water infrastructure or provide reliable services to residents.
