What Treasury's latest salvo means for you

Failure to punish looters has landed the Nelson Mandela Bay municipality in such trouble that it may soon no longer receive a cent from the National Treasury for basic infrastructure.

The Treasury threw down the gauntlet this week, giving the municipality two weeks to repay about R3bn it had received for the IPTS — a portion of which was squandered by a politically connected syndicate...

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.

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.