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Mandela Bay in Financial Crisis | Johannesburg News

Mandela Bay in Financial Crisis | Johannesburg News

Published 5 days, 11 hours ago
Description

Nelson Mandela Bay is in deep financial trouble, with cash reserves plummeting to under 50 days — a crisis triggered by the National Treasury withholding its equitable share payment due to years of unchecked spending totaling a staggering R28 billion. This critical funding, meant to support vital services like poverty relief, is now jeopardizing basic salaries and essential operations. In response, the metro has slashed non-essential travel and hospitality, tightened overtime rules, and launched aggressive debt recovery campaigns — targeting even government departments and councillors. They’re also cracking down on illegal utility connections and upgrading billing systems with smart meters. With the city’s survival on the line, everyone from officials to residents is being called on to contribute to a financial turnaround.

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