METRO COUNCIL
Tshwane coalition slashes unauthorised expenditure
Metro mayor Solly Msimanga says the capital city is no longer in the red
Tshwane has slashed its unauthorised expenditure from R1.6bn in the previous financial year to R634m, says metro mayor Solly Msimanga. "We are not there yet, but I can tell you that we are indeed making some serious progress," Msimanga said. The mayor was speaking in Pretoria during a media briefing on his first year in office. Unauthorised spending is defined in the Public Finance Management Act as overspending of a vote or a main division within a vote; or expenditure that is made not in accordance with the purpose of a vote; or, in the case of a main division, not in accordance with the purpose of the main division. When the DA-led coalition took over Tshwane after the 2016 municipal polls, it inherited a deficit of more than R2bn. Msimanga said the capital city was no longer in the red. The municipal financial year ended on June 30. The coalition metro council will implement a fully funded budget it has tabled for 2017-18. Since the coalition took over managing the metro, cash a...
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