Retief Odendaal


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Urgent interventions are needed to get the financial affairs of municipalities in the Eastern Cape back on track, after the Auditor General revealed that the province’s 2018/19 financial year has had the worst audit results in the past six years. The latest findings clearly show that local municipalities simply do not have the capacity to manage their own finances, and urgent intervention from the provincial government is needed, if we …


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The Eastern Cape Department of Health (EC DoH) is in dire need of additional funds to meet its financial commitments, but cannot hope to use national funding, earmarked to fight the Covid-19 pandemic, to pay off its historic debt. A Finance Portfolio Committee meeting, held last week, was unwilling to address the accruals, stating that there was no need to worry about the impact this could have on service delivery, …


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Urgent amendments to the Eastern Cape budget allocations could be made that would free up R1-billion in funds, which could be given to the Department of Health to assist in the fight against the Coronavirus in the province. I have written to the Finance MEC, Mlungisi Mvoko, and to the Chairperson: Finance and Provincial Treasury Committee, Vumile Lwana, requesting an urgent committee meeting to discuss the budget adjustments proposed by …


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The tabling of the Appropriation Bill in the Eastern Cape Provincial Legislature today made it abundantly clear that its full steam ahead for the Eastern Cape Gravy Train, even if the tracks are heading straight over the fiscal cliff. South Africa’s economy is in recession, with the weakest annual growth rate since the global financial crisis. The Eastern Cape is haemorrhaging jobs, with the highest unemployment rate in the country. …


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The country is officially in recession and is fast running out money. The province is facing massive financial squeeze and we cannot waste a single cent on non-core business. Last year we heard a lot of promises about putting austerity measures in place, instead the government has found it impossible to save money or to reign in the spending of departments. Tomorrow’s budget speech by Finance MEC, Mlungisi Mvoko, must …


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