Treasury is withholding nearly R1 billion from Nelson Mandela Bay because of its agency CEO choice | News24

Anele Qaba is the new CEO of the Mandela Bay Development Agency.

Anele Qaba is the new CEO of the Mandela Bay Development Agency.

Photo: Facebook/Mandela Bay Development Agency

Almost R600 million in grant funding has been withheld from the Nelson Mandela Bay Municipality (NMBM) by the National Treasury and the city is at risk of losing a further R388 million that is due before the end of July.

This is because Anele Qaba was named as the new chief executive of the Mandela Bay Development Agency (MBDA), which is an entity that receives its mandate from the municipality.

Qaba was the metro’s executive director for Economic Development, Tourism and Agriculture (EDTA) and was suspended in June last year following alleged financial misconduct, pending investigations into the matter.

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Source: https://www.news24.com/news24/southafrica/news/treasury-is-withholding-nearly-r1-billion-from-nelson-mandela-bay-because-of-its-agency-ceo-choice-20230718

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