Johannesburg has R34 billion in irrecoverable debt

Published Aug 28, 2017

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CAPE TOWN - The Guateng government’s inability to speed up its payment of invoices within a 90-day period shows the administration is not taking proactive measures to deal with its debt and accruals, leading to job losses and businesses having to close down, the DA said yesterday. 

According to the latest section 79 report, the Gauteng government fared worse than the DA-led Western Cape when it came to irrecoverable debt, DA Gauteng MPL Adriana Randall said.

“In terms of irrecoverable debt, which is over 90 days, the Western Cape had the least amount at R6.4 billion compared to Gauteng’s massive R34.7bn - the highest in the country,” she said. A similar situation was true of the non-DA metros in the province.

-AFRICAN NEWS NETWORK

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