BURGERSFORT – The Fetakgomo Tubatse Local Municipality is expected to suspend its MM NP Busane and CFO Frank Maredi at a council sitting to be held next Monday. This is according to Limpopo Premier Stan Mathabatha. He was speaking during a press conference in Polokwane. The cash-strapped municipality will also be placed under administration.
The council has been struggling to pay salaries and has since suspended major projects as result of cash flow crisis caused by its investment of millions of rand into the collapsed VBS Mutual Bank.
Mathabatha confirmed the provincial government will soon take over the municipality. It had illegally invested more than R220 million into the mutual bank.