JOBURG FINANCES
Joburg’s mayor Mashaba denies bankruptcy claims by ANC
Mashaba is fighting allegations by the opposition ANC that the city he is running is on the verge of bankruptcy
Johannesburg’s finances remain a sticky issue for Herman Mashaba, a year after his election as mayor. Mashaba is fighting allegations by the opposition ANC that the city he is running is on the verge of bankruptcy. It is believed that the leader of the ANC in Johannesburg, Parks Tau, met Finance Minister Malusi Gigaba last week to raise his party’s concern about the city’s finances. The ANC said that Mashaba had "brought the City of Johannesburg to economic and financial ruin". Tau repeated earlier claims that the city was close to bankruptcy, an allegation that the city council and Mashaba have denied. He said the ANC had raised issues such as an inflated budget for 2017-18 and the cash and liquidity position in the city. The ANC also warned that a skills gap was looming in the city, alleging that 27 executives out of 35 had been purged over the past 12 months. Mashaba, who spent his first anniversary in office in Kliptown on Tuesday, said the ANC’s allegations were laughable. On T...
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