National Treasury to help Mangaung with financial recovery


National Treasury responded with urgency to the call of the Mangaung Metropolitan Municipality Mayor, Olly Mlamleli, to assist with a financial recovery plan for the city.
Officials from the metropolitan municipality embarked on a two-day working session with National Treasury and the Free State Department of Corporate Governance and Traditional Affairs (Cogta) as the first step towards developing a sustainable financial recovery plan for the city.
In her opening speech at the session, Mlamleli spoke out on rumours doing the rounds in the city’s corners, suggesting that National Treasury is going to place Mangaung under financial administration.
“There is a myth doing the rounds that the institution will be placed under Section 139, effectively placing it under administration. These myths must not derail us from sustainable service delivery,” Mlamleli said.
She further explained that in fact, the metro made the first move by approaching National Treasury so that the current situation with regards to service delivery could be remedied with the help of the national department.
She further appealed to members of the Mangaung community to make their inputs on the financial recovery strategy, which National Treasury is committed to refining and monitoring.
In her conclusion, the Executive Mayor emphasised the importance of the citizens of Mangaung in the entire process. “This is the municipality of the people, by the people, for the people.”
She also commended the city for requesting the services of National Treasury and expertise of personnel in the institution, rather than appointing a consultant. As part of strengthening the city’s relationship with the private sector and various stakeholders, the plan would also be presented to stakeholders at a later stage. – Pulane Choane