Finance Minister Enoch Godongwana has met with the Executive Mayor of the City of Johannesburg, Dada Morero, to discuss serious concerns raised by the National Treasury regarding the City\u2019s finances.<\/p>\n\n\n\n
\u201cThese concerns relate to financial sustainability and compliance with the Municipal Finance Management Act, 2003 (MFMA) by the metropolitan municipality. <\/p>\n\n\n\n
“In terms of its constitutional and statutory mandate, National Treasury exercises oversight over the financial affairs of municipalities,” the Ministry of Finance said in a statement.<\/p>\n\n\n\n
“[It] is obligated to act where it observes material risks to fiscal sustainability and compliance with the legislative framework governing public finances.\u201d<\/p>\n\n\n\n
The meeting was part of the natural and regular oversight and engagement activities undertaken by the Minister and the National Treasury.<\/p>\n\n\n\n
It follows a confidential letter, recently leaked to the media, that Godongwana sent to Mayor Morero, calling for engagement.<\/p>\n\n\n\n
\u201cThe meeting on Friday between Minister Godongwana and Mayor Morero, and their respective teams of officials and technical experts, was robust and productive.”<\/p>\n\n\n\n
The engagements are ongoing and are being treated with the urgency that they merit, the Treasury said.<\/p>\n\n\n\n
“While Minister Godongwana fully accepts the public interest in the matters, it would not be appropriate to detail the full scope of those discussions at this time,\u201d said the Ministry.<\/p>\n\n\n\n
The Minister has assured residents of Johannesburg that the National Treasury continues to pursue a constructive resolution to issues in the interests of service delivery and financial sustainability.<\/p>\n\n\n\n
Describing the meeting as \u201cproductive,\u201d Godongwana said Mayor Morero has agreed that he and his officials must go back and consider some serious remedial actions to address the issues raised.<\/p>\n\n\n\n
\u201cThey will soon submit a formal report to the Treasury in response to the letter that I sent,\u201d said Godongwana.<\/p>\n","protected":false},"excerpt":{"rendered":"
Finance Minister Enoch Godongwana has met with the Executive of Johannesburg to discuss serious concerns raised by the National Treasury regarding the City\u2019s finances.<\/p>\n","protected":false},"author":33,"featured_media":845584,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[20799,1995,25378],"class_list":["post-860032","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-government","tag-godongwana","tag-joburg","tag-morero"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/860032","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=860032"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/860032\/revisions"}],"predecessor-version":[{"id":860034,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/860032\/revisions\/860034"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/845584"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=860032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=860032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=860032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}