Johannesburg - Gauteng MEC for Cooperative Governance Lebogang Maile has urged political bosses of two municipalities which invested millions with VBS Mutual Bank to act with speed against the implicated officials or face the consequences.
Maile’s threats came just a few days after he threatened to place 11 municipalities including the DA controlled City of Joburg and the City of Tshwane under administration - accusing them of maladminsitration.
He has since appointed a committee to advise him on a course of action.
On Thursday he turned his attention to the Merafong Local Municipality and the West Rand District Municipality which have collectively invested R126 million with VBS Mutual Bank.
The office of Maphefo Mogale-Letsie - Mayor of Merafong Local Municipality and Dennis Thabe - newly-elected mayor of the West Rand District Municipality - confirmed receipt of the letter.