Madibeng appears before SCOPA over VBS investment

Local government and human settlements department MEC, Fenny Gaolaolwe at the engagement session.

This follows shortly on an engagement session with the MEC for Local Government and Human Settlements in the North West last week where clear directives were given in terms of recovery plans for failing municipalities. Madibeng is one of these municipalities.

The Department of Local Government and Human Settlements has identified specific challenges facing the twelve priority municipalities in North West to turn around the situation in improving their infrastructure development. This is part of the department’s ongoing support to the municipalities.

The inter-ministerial task team gave the directive that the National Department of Cooperative Governance through the Municipal Infrastructure Support Agency (MISA) is to provide technical expertise to support municipalities which experience a lack of technical capacity in dealing with infrastructure challenges i.e. sewer, inadequate water supply, roads related challenges, solid water management.

Regarding the VBS investment, Madibeng will have to account to Scopa why the municipality invested R50 million in this bank that was since placed under curatorship, despite strict directives from National Treasury.

According to the Madibeng municipality a forensic investigation into the VBS investment was done and a progress report tabled at a special council meeting.”Council then resolved that the forensic investigation report be forwarded to the Financial Misconduct Disciplinary Board and that a detailed report be submitted to council after the conclusion of the investigation by the Minister of Corporative Governance and Traditional Affairs and the Department of Human Settlements,’ municipal spokesperson, Tumelo Tshabalala said earlier.

  AUTHOR
Kormorant

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