The Democratic Alliance-led multiparty authorities within the Metropolis of Johannesburg will once more carry an software earlier than council to allow the town to use for a R2 billion short-term mortgage from the Growth Financial institution of Southern Africa.
The council will maintain an extraordinary assembly on Wednesday the place a movement of no confidence in opposition to Mayor Dr Mpho Phalatse may also be introduced earlier than council.
In the course of the earlier council assembly, the African Nationwide Congress (ANC), Financial Freedom Fighters (EFF) and minority events voted in opposition to the appliance.
It was rejected by a mixed 136 votes of the ANC and its companions in opposition to the 81 votes of the DA and its multiparty companions.
The Metropolis’s performing Group Chief Monetary Officer Sinovuyo Mphakama, “The consequence of the mortgage not being handed will likely be that the Metropolis is working the danger of not assembly its liquidity. However is as far as the important thing expenditure that the town incurs. These embrace bulk purchases of water and electrical energy, salaries, finance price, mortgage redemptions, third occasion funds which incorporates funds to service suppliers, leases and our fleet.”
Mpho Phalatse accused of needing a mortgage to cowl mismanagement of funds
