NMB again in National Treasury’s crosshairs, faces losing half-a-billion rand
16 Feb 2024
The Nelson Mandela Bay Municipality has been dealt a fresh blow by National Treasury that could see the metro forfeit more than half-a-billion rand due to severe underspending. The latest threat comes after finance minister Enoch Godongwana halted the transfer of R591-million of the city's grant and equitable share funding in July 2023.