Debts of despair: Tshwane’s finances ‘decimated’
It went from a R284m surplus to R4.4bn debt in three months under Mpho Nawa, says new mayor
The DA’s newly elected Tshwane mayor has painted a grim picture of the city’s finances he just inherited from the ANC, which had been in charge of the capital since March through an administrator.
Randall Williams was elected the new Tshwane mayor on Friday, after the Supreme Court of Appeal set aside the decision of the ANC-controlled Gauteng cooperative governance department to place the municipality under administration.
Williams says the city’s finances were decimated at an alarming rate under the administrators, led by Mpho Nawa, who was appointed by co-operative governance MEC Lebohang Maile in March...