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WATCH | Treasury funding freeze puts municipal finances in focus

Business Day TV spoke to Nkululeko Dunga, Gauteng’s finance MEC

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Business Day TV

Months after a cash crunch forced Buffalo City Metro to freeze funding for projects, the city has finally reinstated the R50m ward allocation amid fears that it had buckled under pressure from ANC councillors.
Months after a cash crunch forced Buffalo City Metro to freeze funding for projects, the city has finally reinstated the R50m ward allocation amid fears that it had buckled under pressure from ANC councillors. (123RF/172222080)

National Treasury is temporarily withholding funding from 69 municipalities to improve fiscal discipline and reduce unauthorised, irregular, fruitless and wasteful spending. Business Day TV spoke to Gauteng finance MEC Nkululeko Dunga about the implications of that decision, the path to restoring funding and the outlook for local government finances.


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