[PODCAST] ‘The municipality owes Eskom, Rand Water, and other creditors over R4bn. It received a more adverse audit opinion than any other metropolitan municipality’ - ChinaDodovu on MoneywebAtMidday with maggsonmedia. Download the podcast below.
JEREMY MAGGS: Alright, let’s get our teeth now into the hurly-burly of metro politics. In a tough statement from the Parliamentary Select Committee on Cooperative Governance, Traditional Affairs, Water and Sanitation, as well as Human Settlements, it says it’s of the view that a lack of financial management within the City of Tshwane requires urgent attention.
It’s not me who’s saying that; the Auditor-General has said this in so many respects. The financial situation of the municipality has deteriorated. They received a more adverse audit opinion than any other metropolitan municipality. They are in debt. They have adopted what is called an unfunded budget, which means the budget that they have is not backed up by the necessary funding. They are under collecting revenue and all of this exacerbates the problem that Tshwane is having.
JEREMY MAGGS: Mr Dodovu, let me ask you then, what specific actions are the Select Committee recommending then to improve financial management within the metro? CILLIERS BRINK: Jeremy, nobody is in denial about Tshwane’s financial position and the seriousness of the findings of the Auditor-General. In fact, we have focused on very few other issues than trying to respond to those findings and to try and get control of the city’s finances.
JEREMY MAGGS: So there’s a plan in place, but you say that there is a funding plan, but there’s no funding. What sort of numbers are you attaching around this, and ultimately, where is that money going to come from? All of those measures are canvased in detail in the funding plan, and this was presented to the select committee.
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