• Skip to main content
  • Skip to header right navigation
  • Skip to after header navigation
  • Skip to site footer
MyZA

MyZA

News, Directory, Events and Other Stuff

  • Social Media
  • Sport
  • World News
  • Home
  • Submit News
  • Directory
  • Events
  • Stratlec
  • TFSA
  • News
    • APO
    • Today’s Sport News
    • Todays Social Media and Tech Headlines
    • Today’s World News
    • Today’s SA Financial News
  • Contact
You are here: Home / News / Ghost Assets: Tshwane Wants to Write off Billions in Taxpayers’ Money

Ghost Assets: Tshwane Wants to Write off Billions in Taxpayers’ Money

5 February 2026 by Guest

During the latest meeting of the Tshwane Metro Council, the Freedom Front Plus (VF Plus) rejected the report by the Department of Roads and Transport requesting the write-off of capital assets worth R101 million. Such a decision would mean that taxpayers’ money is officially declared lost – an admission of failure that further undermines the […]

The post Ghost assets: Tshwane wants to write off billions in taxpayers’ money as lost appeared first on Freedom Front Plus.

During the latest meeting of the Tshwane Metro Council, the Freedom Front Plus (VF Plus) rejected the report by the Department of Roads and Transport requesting the write-off of capital assets worth R101 million.

Such a decision would mean that taxpayers’ money is officially declared lost – an admission of failure that further undermines the Metro’s financial stability and deprives residents of much-needed infrastructure.

The problem of so-called ghost assets is no secret. The Freedom Front Plus warned, as far back as 2022, that there is no proper record keeping for assets under construction, which were started with taxpayers’ money but never completed or taken into use.

These projects are of no value or service to residents, yet remain on the books for years, creating a false impression of capital assets.

In 2023, a list of 2 435 open projects with an estimated value of R12,78 billion came to light. The latest report covers only 539 projects in one Department, valued at R2,62 billion – clear proof that the scale of the crisis is far greater than currently acknowledged.

Even the Executive Mayor, Dr Nasiphi Moya, admitted in 2025 that projects are often started without proper planning, feasibility studies or budget certainty. Yet the current report demonstrates there are still no consequences for poor management.

The Department attempts to shift the blame to consultants, while officials who spent R101 million on projects that never realised are protected.

Such conduct is an insult to Tshwane residents and a textbook example of fruitless and wasteful expenditure.

The Freedom Front Plus does not serve on the Council to investigate consultants, but to oversee officials who manage taxpayers’ money. By protecting officials, the Metro fails its residents and undermines the principle of accountability.

The Freedom Front Plus will not allow a financial risk of R2,6 billion to be swept under the carpet and has formally recorded its negative vote to show that the era of unaccountable spending is over.

Residents deserve a metro that is responsibly governed – not one that offers excuses while billions simply disappear.

Freedom Front Plus Voter Base: The party’s voter base is concentrated in the Western Cape, Gauteng, and Free State.

Read More at the Source

Share this:

  • Share on X (Opens in new window) X
  • Share on Facebook (Opens in new window) Facebook
  • Print (Opens in new window) Print
  • Email a link to a friend (Opens in new window) Email
  • Share on LinkedIn (Opens in new window) LinkedIn
  • Share on Tumblr (Opens in new window) Tumblr
  • Share on WhatsApp (Opens in new window) WhatsApp
  • Share on Mastodon (Opens in new window) Mastodon
Category: NewsTag: Budget, Freedom Front Plus, infrastructure, List, Money, officials, ONE, Politics, Pretoria, show, Tshwane, Vote

If you feel strongly about this article then feel free to send MyZA a ‘Letter to the Editor’ using the submission form below:


Letter to the Editor

This field is for validation purposes and should be left unchanged.
If this is in response to an article please include that article title here or as the lead in for the first paragraph of your Letter below.

Separate tags with commas

Localise your letter by naming the city your words are about. Add relevant words describing your subject. Single comma separated words of no more than 5
Your Name(Required)
Your Name will be linked to the website below.
Your personal, business or social media web site
Choose NO to not set up a user account on MyZA. User Accounts will allow you to submit letters under your own Author Name

3 Latest Letters to the Editor:

  • Older Persons Grants Land Today — No Need to Queue at Dawn

    Dear Editor, Older Persons grants are paid today, 30 October, under SASSA’s revised November payment schedule — with disability grants on Monday 2 November, children’s grants on Tuesday 3 November, and grants under review on Thursday 5 November. Two things every beneficiary should know. First, grant money does not expire on payment day. It stays…

    30 October 2026
  • November Grants Pay Early – No Need to Queue at Dawn

    Dear Editor, I run SAGrant (sagrant.co.za), a free resource helping South Africans navigate SASSA grants. November grants pay earlier than usual. Older Persons grants are paid on Friday 30 October, Disability grants on 2 November, and Child Support and other grants on 3 November. Grants still under review are paid on 5 November. The money…

    27 October 2026
  • NSFAS 2027 applications close on 31 October — SASSA households, apply now

    Dear Editor, I run SAGrant (sagrant.co.za), a free resource helping South Africans navigate SASSA grants. NSFAS applications for the 2027 academic year close on Friday 31 October 2026, and no extension is expected. If your household receives a SASSA grant, your child already passes the NSFAS financial eligibility test — but they still have to…

    25 October 2026

About Guest

Previous Post:New Business Book Reveals Why Discipline, Not Disruption, Drives Sustainable Growth
Next Post:Warning for drivers of South Africa’s cheapest car | SA News

Reader Interactions

Comments

  1. digital goddess

    7 September 2026 at 11:53 am

    What do you call the oke at a South African gathering who cooks the food?

    Braai\’n

  2. Nightwonka

    25 August 2026 at 2:43 pm

    Fun South African Fact: South Africa is home to the world’s longest wine route: Route 62. It spans an impressive 850 kilometres and the excellent wineries along the way are a must-visit for lovers of fine wine! You can even enjoy the winelands on a day trip from Cape Town. Travel 40-min to an hour outside of the city centre to enjoy decadent wine tastings and even wander through some of the beautiful wine farms and estates! Suburbs like Durbanville and Constantia are even closer to the city centre and are also home to many exceptional wineries.

Copyright © 2026 · MyZA · All Rights Reserved · Powered by Stratlec Online