"It was a departure from the previous model of contracting security companies owned by politically connected individuals, who would receive on average R12,000 per security guard. The guards themselves were only paid R4,000 per month and often treated poorly by these companies," he said.said when the ANC relinquished control of the city, City Power had a cash-positive balance of R3bn."They are now running on an overdraft of R2.
Matongo claimed that the city had been borrowing money from financial markets for a long time to cover expenses as it was failing to collect revenue for rates and services. He said this was the reason for GCR Ratings placing the city 's rating on a"The negative outlook reflects GCR’s concerns regarding the persistent high gearing and weak liquidity, which weighs on the overall rating," GCR said in July.
Matongo said the ANC had expected Mashaba to"run away", seeing that in the next few months, the city might not be able to buy water from Rand Water and pay salaries to staff.
Is the ANC sure of anything?
U were more than just a success, hence ANC thieves r in celebration mode! But what they don't know, it's only momentarily...
And suddenly what the ANC says is gospel?
He is giving up on the people he claims to help bcs he can’t stand a wire woman being set democratically elected into a position of influence? Hmmmmmmmm
I can't listen to the losers called MYANC. They had their chance and did not deliver to the satisfaction of the people.
Trump believes he is very smart... Ego makes people blind to the many failures. Herman jumped because it got hot... Soon we will know why...
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ANC claims Herman Mashaba quit because of Johannesburg's financesThe ANC in the Greater Johannesburg region on Monday said Herman Mashaba's resignation as mayor of Johannesburg and from the Democratic Alliance had very little to do with the weekend election of Helen Zille as the DA’s federal council chairperson. ANC being opportunistic. 😀😀😀😀😀😀 MyANC.. 🤔 What does ANC know about finances except for looting?
Source: SowetanLIVE - 🏆 13. / 63 Read more »
ANC claims Herman Mashaba quit because of Johannesburg's financesThe ANC in the Greater Johannesburg region on Monday said Herman Mashaba's resignation as mayor of Johannesburg and from the Democratic Alliance had very little to do with the weekend election of Helen Zille as the DA’s federal council chairperson. Rubbish!!! Herman did a great job in 3 years compared to 22yrs of ANC rule 😂😂😂 desperate politics Fishing fishing fishing.... How Typical of the ANC
Source: TimesLIVE - 🏆 28. / 59 Read more »
Herman Mashaba resigns as mayor of JohannesburgHerman Mashaba has quit after three years as mayor of Johannesburg‚ signalling his belief that the Democratic Alliance intends to break up the coalition that helped him land the job. kgmadisa I salute this man
Source: SowetanLIVE - 🏆 13. / 63 Read more »
Herman Mashaba resigns as mayor of JohannesburgHerman Mashaba has quit after three years as mayor of Johannesburg‚ signalling his belief that the Democratic Alliance intends to break up the coalition that helped him land the job. Well done leader!!! Can drink to that HermanMashaba welcome to EFF my Leader
Source: SowetanLIVE - 🏆 13. / 63 Read more »
BREAKING NEWS: Joburg mayor Herman Mashaba resigns‘The election of Helen Zille is a victory for people who stand diametrically against my belief systems,’ Mashaba says Didn’t think he would do it 😱. Good riddance of the FaR Left racist.
Source: BDliveSA - 🏆 12. / 63 Read more »
Will Herman Mashaba stay or quit as mayor?City of Johannesburg mayor Herman Mashaba will hold a hurriedly arranged press conference tomorrow where he is expected to announce his resignation. Lets wait wat tomorrow have in store for us He lll stay ,he doesn't hv liver 😄😄 Sokwazi kanjani thina?
Source: SowetanLIVE - 🏆 13. / 63 Read more »