UNSPENT R75M HOUSING FUNDS ‘DUMPED’ INTO TRUST ACCOUNT

THE Eastern Cape Housing Department “dumped” R75-million into the trust account of the Nelson Mandela Bay housing directorate at the end of the last financial year to avoid having to return the money to the national Treasury.

Commenting on the disclosure, DA provincial finance spokesman Bobby Stevenson said:  “This in itself is outrageous because the poor do not get the houses they deserve. However, the magnitude of this inhumanity is compounded when fiscal dumping occurs as well.”  Read the full story in The Herald.