The Nelson Mandela Bay council approved its 2024/’25 budget on Wednesday. (Candice Bezuidenhout/News24)
The Nelson Mandela Bay Municipality escaped losing grant funding from National Treasury by the skin of its teeth on Wednesday when the 2024/25 budget was finally passed, almost a month overdue.
Finance Minister Enoch Godongwana previously warned the metro it risked losing grant funding if the total budget was not completely allocated before the end of the current financial year on Sunday.
News24 previously reported the metro was at risk of losing hundreds of millions of rand in critical grants, which could have severely hampered service delivery and housing projects.
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