Treasury takes back Limpopo’s R660m

LIMPOPO – Last week, the National Treasury took away about R660 million in housing funds from Limpopo and handed it to four other provinces instead.

The end of the financial year is coming up at the end of March and the national Budget for 2015/16 is due to be presented in Parliament on Wednesday, so it’s likely that failure to spend is the reason.

Limpopo’s full allocation for that grant was R1.22 billion, so it is losing about 46 percent of the grant.

The money will now be split as follows:

* KwaZulu-Natal (R236m)

* Eastern Cape (R233.5m)

* Mpumalanga (R70m)

* Western Cape (R20m)

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