"R24 Billion Vanishes in Johannesburg: ActionSA Demands Answers for City's Financial Meltdown"
"R24 Billion Vanishes in Johannesburg: ActionSA Demands Answers for City's Financial Meltdown" Insight Jozi News: Noko Mabofa Maleka August 5, 2025 The City of Johannesburg is once again at the centre of a financial storm — and this time, it’s not just whispers of maladministration, but a glaring R24 billion black hole in public funds that has ActionSA calling for immediate accountability. In a fiery press statement released by ActionSA's Johannesburg MPAC Whip, Lebo Modukanene, the party has sounded the alarm on what it describes as “catastrophic levels of financial mismanagement” under the current administration led by Executive Mayor Dada Morero. This follows a damning letter from the Minister of Finance, Enoch Godongwana, to Mayor Morero, exposing blatant violations of the Municipal Finance Management Act (MFMA) and a complete breakdown in ethical governance. According to the minister's correspondence, the City’s 2023/24 audited financial statements reveal R1...