CITY ADMINISTRATION
Former mayor Parks Tau claims Joburg council ‘on the brink’ of financial ruin
Revenue underperformance of SA’s largest metropolitan municipality shows the ‘imminent collapse’, charges Tau
The City of Johannesburg was "on the brink of collapse due to the financial ruin it is in", former mayor Parks Tau and the ANC’s greater Johannesburg region alleged on Sunday. The "imminent collapse" of the country’s largest metropolitan municipality was indicated by revenue underperformance, an inflated budget for financial 2017-18, the decline in expenditure and its liquidity position, Tau said during a media briefing in Johannesburg. The party conceded it had not seen the financial statements on which it based its allegations, but learnt about them from sources and from creditors who had not been paid. Geoffrey Makhubo, former member of the mayoral committee for finance, said reports tabled in council had also shown a deterioration in the city’s finance. Member of the mayor committee for finance, Rabelani Dagada denied this, saying the allegations "are nothing more than the ANC’s attempt at reviving councillor Parks Tau’s political career from the ashes. "The city’s finances are ...
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