financial mismanagement

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News

Treasury offers lifeline to 49 municipalities amid service delivery concerns

Forty-nine embattled municipalities have been handed a financial lifeline after the National Treasury agreed to conditionally release their July 2026 equitable share allocations, easing fears of widespread disruptions to basic service delivery. Finance Ministe, Enoch Godongwana, announced on Tuesday that the decision was taken to protect communities from the immediate impact of municipal financial failures, while putting pressure on municipalities to address ongoing governance and financial challenges.  "National Treasury must […]

todayJuly 28, 2026 27

News

Treasury stands firm on funding crackdown as Joburg warns of cash crisis

Political commentator, Goodenough Mashego, says the intervention by National Treasury to withhold funding from 69 financially distressed municipalities, is long overdue, arguing that years of financial mismanagement identified by the Auditor-General have gone largely unpunished. His comments come after Johannesburg Mayor, Dada Morero, revealed on Thursday that the City of Johannesburg has enough cash to operate for only 12 more days after Treasury withheld part of the city's equitable share […]

todayJuly 17, 2026 43