Human Settlements Minister Lindiwe Sisulu says none of the R300 000 000 in available funds will be transferred to the country's six metros until they have received level three accreditation. To achieve level three accreditation, a municipality is required to have in place financial systems that are compliant with national specifications. A standard subsidy financial administration package, including reporting systems, management information systems and standard accounting procedures are … [Read more...] about Port Elizabeth and NMB Metro losing out on R37 707 000
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Grant Loss of R7,2 billion impacts heavily on Eastern Cape
Under spending on capital expenditure (infrastructure) at both national and provincial level are impacting negatively on the Eastern Cape. The latest shocker has been the withdrawal of R7, 2 billion of the Schools Infrastructure Backlogs Grant (a national programme) by the national treasury due to slow spending. This was announced in the Medium Term Policy Statement (page 43) of the Minister of Finance last week. The vast proportion of this money – in the region of R6, 2 billion - was … [Read more...] about Grant Loss of R7,2 billion impacts heavily on Eastern Cape
