Cogta committee backs Treasury’s withholding of municipal funds

The Portfolio Committee on Cooperative Governance and Traditional Affairs welcomed National Treasury’s decision to withhold equitable share transfers from non-compliant municipalities. The committee says the move highlights the seriousness of ongoing financial management and governance failures. It has urged affected municipalities to meet the required conditions so their funding can be released. Committee chairperson Dr Zwelini Mkhize discusses their position and the steps municipalities must take to restore funding. Follow us on our new Facebook page: https://tinyurl.com/2p9m6y52 #Newzroom405 Tune into Newzroom Afrika DStv channel 405 for more.