Treasury is withholding funds from 69 municipalities for failing to adhere to financial management rules. They include the metros of Johannesburg, Buffalo City, Nelson Mandela Bay and Mangaung. Treasury insists the move is not punitive but rather corrective. But former Treasury DDG and UCT economics lecturer, Andrew Donaldson, says fixing municipalities will take far more than a short pause in funding. #dstv403 #enca
