Finance Mec News Today

Eastern Cape finance MEC Mlungisi Mvoko has expressed concern about municipalities that fail to timeously spend disaster funds released to them by the national government. Speaking to the Daily Dispatch (http://www.dispatchlive.co.za) after his budget speech, Mvoko said municipalities were part of the spending problems faced by the Eastern Cape government.

Thirty-two-billion rand — that is the consolidated amount owed to financially embattled municipalities in the Eastern Cape by households, businesses and state institutions.