MyZA

News, Directory, Events and Other Stuff

You are here: Home / News / Poor Financial Management Leaves Tshwane Metro With Growing Debt

Poor Financial Management Leaves Tshwane Metro With Growing Debt

The ANC/EFF/ActionSA coalition government’s reckless financial management of the Tshwane Metro is jeopardising the Metro’s fiscal stability and saddling taxpayers with a growing debt burden. The Metro’s overdraft facility was recently increased from R600 million to R800 million – which is not only a sign of financial mismanagement, but also a violation of responsible public […]

The post Poor financial management leaves Tshwane Metro with growing debt appeared first on Freedom Front Plus.

The ANC/EFF/ActionSA coalition government’s reckless financial management of the Tshwane Metro is jeopardising the Metro’s fiscal stability and saddling taxpayers with a growing debt burden.

The Metro’s overdraft facility was recently increased from R600 million to R800 million – which is not only a sign of financial mismanagement, but also a violation of responsible public financing.

This increase was not brought on by inflation or seasonal cash flow issues. It is a direct consequence of poor governance by a coalition that lacks the capacity or political will to manage the Metro’s fiscal framework with integrity.

With the ANC Deputy Mayor and Mayoral Committee Member for Finance, Mr Eugene Modise, at the steer of things the Metro has embarked on a course of debt-driven decline.

The so-called debt-relief programme, effective since June 2025, which saw R1,86 billion in debt written off for both residential and commercial account holders, was implemented without any sustainable fiscal model or statutory reform.

Meanwhile, residents and institutions’ total outstanding debt has risen to R18,3 billion, with a 600% increase in new defaults within the 30-60-day period.

This is not debt relief, but rather debt distribution without accountability.

The Freedom Front Plus keeps warning against the consequences of populist policies that fail to adhere to the principles of fiscal discipline, legal compliance and public accountability.

The Metro’s financial stability is not a laboratory for ideological experimentation. The current coalition has not only politicized the budgeting process, but has also undermined the institutional framework for good governance.

The Freedom Front Plus demands immediate clarification from Modise on the following:

  • The statutory foundation of the debt-relief programme.
  • The programme’s impact on the Metro’s cash flow and creditworthiness.

Protecting public funds is not a political option; it is a constitutional duty. The Freedom Front Plus will not stand idly by and allow fiscal recklessness to jeopardise the Metro’s future and has, therefore, voted against the item.

Freedom Front Plus Disaster Management: The party advocates for effective disaster management strategies.

Read More at the Source

Category: Tag: , , , , , , , , , ,

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…

  • 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…

  • 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…

Reader Interactions

Comments

  1. Fun South African Fact: South Africa is home to the oldest meteor scar in the world – the Vredefort Dome in a town called Parys. The site is a UNESCO World Heritage Site.

  2. UK: You have two cows. After a lengthy court battle, the bovines hold a referendum and are separated.