Treasury Halts Funds for Mismanaged Municipalities | Johannesburg News
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Treasury Halts Funds for Mismanaged Municipalities | Johannesburg News
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The National Treasury has halted July funding for 75 municipalities over rampant financial mismanagement, citing over R145 billion in irregular spending and R24 billion in wasted cash since 2021. This corrective action, affecting all nine provinces, follows years of warnings and failed interventions, with municipalities failing to comply with the Municipal Finance Management Act. The Treasury gave them advance notice and insists this isn’t punishment but a necessary fix to safeguard essential services like water and electricity, which are already strained by massive debts to Eskom and water boards. Alarmingly, many municipalities aren’t even investigating their own irregularities or enforcing accountability, allowing a cycle of mismanagement to continue. Funds will resume once municipalities demonstrate genuine reform and improved financial discipline.
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