Cash-strapped Bojanala in race against time to pay salaries

[schumi]

RUSTENBURG - Cash-strapped Bojanala Platinum District Municipality in the North West province is racing against time to pay workers' salaries.

Municipal spokesman Archie Babeile said processes were underway, with the first being to facilitate the request of the early release of equitable shares by National Treasury.

"The municipality has confidence that the matter is receiving urgent attention at national treasury as the request has already reached these offices and is being processed," he said.

"The second option that is currently underway is an application for an overdraft facility of R 50 million that has been requested from the local banking institution. Necessary documents are being processed to meet the requirements for approval.

More at : https://www.iol.co.za/news/south-af...in-race-against-time-to-pay-salaries-35825624

 

[TheChamp]

One of those that invested money in VBS?

 

[supersunbird]

I wonder if they're paying their other bills.

 

[flippakitten]

Cry me a river...

North West’s wealthiest municipality – the Bojanala Platinum District – where close to 30 employees were found to have awarded tenders among themselves and to other government officials, in deals worth millions of rands.

Municipal looting in North West’s platinum district - Corruption Watch

Our zero this week is North West’s wealthiest municipality – the Bojanala Platinum District – where close to 30 employees were found to have awarded tenders among themselves and to other government officials, in deals worth millions of rands. The auditor-general’s report and the Municipal Public...

www.corruptionwatch.org.za