
SAffer@Greg
2.9K posts

SAffer@Greg
@gregstewart23
A South African commentator with a sharp eye on national issues, from government transparency to economic struggles, advocating for justice and innovation.






























BREAKING: Finance Minister Enoch Godongwana sends a scathing letting to Jhb Mayor, Dada Morero. Some key issues / concerns from Treasury: “The adjustments budget was assessed by National Treasury to be unfunded; revenue collection was overstated while expenditure was understated” “The understating of expenditure will mostly result in unauthorised expenditure by June 2026 which will put further financial strain on the municipality.” “The outstanding amount owed to creditors has increased from R17 billion in 2022/23 to R25.2 billion in 2024/25.” “The city’s cash and cash equivalent of R3.9 billion in 2024/25 is insufficient to repay outstanding creditors of R25.2 billion.” “This is a marker of severe financial distress, indicating that the city does not have the liquidity required to pay its creditors.” Read the full letter below ⬇️
















