Why the MBDA’s in trouble
Cash woes, no new mandate threaten agency’s existence
With financial woes, the board’s term about to expire and no service delivery agreement in place, the Mandela Bay Development Agency (MBDA) is in serious trouble.
In two letters sent to acting city manager Noxolo Nqwazi this week, seen by The Herald, the agency’s CEO, Ashraf Adam, spelt out how it might have to halt six new projects due to a shortage of funds from the municipality...
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
This article is reserved for HeraldLIVE subscribers.
A subscription gives you full digital access to all our content.
Already subscribed? Simply sign in below.
Already registered on DispatchLIVE, BusinessLIVE, TimesLIVE or SowetanLIVE? Sign in with the same details.
Questions or problems? Email helpdesk@heraldlive.co.za or call 0860 52 52 00.