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🇿🇦 public South Africa How leaks, billing write‑offs and Excel accounting pushed Nelson Mandela Bay to insolvency risk

The National Treasury’s recent Come to Jesus moment for the nation’s defaulting municipalities read like an honour roll of delinquency, with Nelson Mandela Bay (NMB) as a clear class valedictorian. It was like watching a car careening into an immovable object, but in slow motion, since the original draft budget didn’t pass funding muster in May.

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