JOHANNESBURG - City of Tshwane executive mayor Cilliers Brink has described the state of the city's finances as critical.He said that while the city's finances were concerning, the situation could be turned around.
Currently briefing the media on the state of the City’s finances including Eskom and Rand Water debt. Another important highlight includes the discovery of a massive VAT liability from the PEU/Tums smart meter contract by the previous administration before 2016. @CityTshwane pic.twitter.com/5IBmuZFwz4
"A number of things have happened in the past few years that have significantly inhibited our financial position. Tshwane is under significant financial pressure. "
Source: Loan Digest (loandigest.net)
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