Mayor Asked to Explain $1.4 Billion of Wasted Johannesburg Funds

Johannesburg’s mayor has been asked to explain how South Africa’s richest city will recoup 24.4 billion rand ($1.4 billion) of funds squandered in “unauthorized, irregular, fruitless and wasteful expenditure.”

Minister of Finance Enoch Godongwana has given Dada Morero 14 days to explain how he plans to fix the city’s finances, according to a letter dated July 30 seen by Bloomberg. The city may lose part of the funding it receives from the central government if Morero doesn’t comply with the request.