Madibeng Mayor pleads ignorance of R30 million VBS investment
10 September 2018
The Democratic Alliance (DA) in North West is calling on Minister of Cooperative Governance and Traditional Affairs (COGTA), Zweli Mkhize to deliver on his promise and urgently intervene in the Madibeng Local Municipality.
Despite a letter to COGTA earlier this year, urging intervention, Madibeng is still operating outside all legislative frameworks and rules.
The lack of leadership and mismanagement of funds was again emphasised during the municipality’s appearance before the Provincial Public Accounts Committee (PPAC) on 7 September 2018, where they had to account for the R30 million invested with VBS Mutual Bank, for which no council resolution had been taken.
Mayor Jostina Mothibe pleaded ignorance to the money invested with VBS, stating that she only became aware of this investment when the funds needed to be utilised for service delivery, clearly indicating that she had no intention of taking any responsibility for the mess this municipality finds itself in.