Vhembe municipality has reportedly lost R1 billion of taxpayers' money

Vhembe municipality has reportedly lost R1 billion of taxpayers' money

- The shocking finding was revealed by the auditor-general's report

- It was also found that the municipality had not kept proper financial records to account for the money

- The DA has filed a complaint against the municipality and demanded an investigation

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The auditor-general has reportedly uncovered R1 billion of irregular and wasteful expenditure in the Vhembe District municipality.

In response, the DA has demanded that an investigation be conducted to explain the wasted funds. 

The money was allegedly lost during the 2017–2018 year, while ex-mayor and ANC member Florence Radzilani was in office.

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The municipality was also slammed for failing to keep proper financial records.

As a result, it did not have any documentation to explain what had happened to the missing funds. Additionally, the report revealed that the municipality is bankrupt, according to The Citizen.

Radzilani, the mayor at the time, left office after she was linked to the VBS looting drama, Briely.co.za has learned.

Reportedly, her cash-strapped municipality invested R800 million in the VBS Bank. VBS made headlines when the bank, which was implicated in extensive corruption, collapsed, leaving many people had invested in it - particularly poor people - destitute.

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The DA accused Radzilan's administration of causing harm to Limpopo citizens by wasting the money, and said that the fact that no action had been taken to recover the funds was more shocking than the loss of the money itself.

In response to to the allegations, a spokesperson for the Vhembe District municipality said they were still examining the auditor-general's report.

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Source: Briefly News

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