MyPE

Community Business Directory, Event Listings, News and Views from Gqeberha, Nelson Mandela Bay

R1.3bn in irregular expenditure during the 2014/15 financial year

By

A report by the Auditor-General highlights R1.3bn in irregular expenditure by the Nelson Mandela Bay Metropolitan Municipality during the 2014/15 financial year says EWN.co.za.

Billions of rands have gone down the drain in the Nelson Mandela Bay metro in the Eastern Cape.

The Auditor-General last week released a damning report into the finances of the troubled municipality where, in some cases, officials are unable for account millions of taxpayers’ money.

If there’s a municipality region which should be counting every cent it’s spends from now on, it’s the Nelson Mandela Bay Municipality.

Opposition parties have cautioned the metro is on the brink of bankruptcy due to an apparent lack of financial controls.

It highlights R1.3 billion in irregular expenditure in the 2014/15 financial year.

Fruitless and wasteful expenditure amounted to R146 million….

The following two tabs change content below.
My Twitter profileMy Facebook profileMy Google+ profileMy LinkedIn profileMy Flickr profileMy Pinterest profile

Alan Straton

Chief Cook, Bottle Washer and Broom Mechanic at MyPE
Passionate about Port Elizabeth and definitely NOT packing for Perth. Alan's ethos is epitomised in the words of Nelson Mandela; "I have fought against white domination and I have fought against black domination. I have cherished the idea of a democratic and free society. If need be, it is an ideal for which I am prepared to die." See more articles by Alan.