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Delving into the Financial Misconduct of Major South African Metros

Published September 21, 2023
8 months ago

An in-depth comparative financial research into the five largest metropolitan governments in South Africa reveals a stark violation of the national treasury's stipulated guidelines. There is a noticeable tendency of essential infrastructure underspending, despite the significant surge in collected revenues from ratepayers over the years. This shocking revelation throws light on the apathy existing within the administrative corridors of the metropolitan cities of Joburg, Cape Town, eThekwini, Ekurhuleni, and Tshwane.

The extensive research, led and conducted by Paul Nel, the director of Prisma Contract Review Risk Management, utilised 12 years' worth of significant data extracted from the annual reports of the aforementioned metropolitan governments. The analysed metros were arranged in descending order, based on their population size and annual revenue. Mr Nel's investigation uncovers a weighty misalignment in the municipalities' expenditure and resource planning, given their significant revenue increases over the recent years.

What needs to be underscored is the role and the duty of the city officials who have failed to adhere to the guidelines laid down by the National Treasury. The unspoken victims in this scenario have indisputably been the ratepayers, who have been unjustly burdened by these egregious financial practices.

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