Budget concerns as uMhlathuze residents, businesses go off the grid
The uMhlathuze Municipality's adjustment budget revealed an under-performance in electricity revenue as many opt for solar
The City of uMhlathuze’s Adjustment Budget for the 2024/2025 financial year has plummeted from a projected Adopted Budget surplus of R9.5-million to a dismal R285.9-million estimated deficit.
The figures were presented for approval at Thursday morning’s Exco sitting, where it was reported that electricity revenue has under-performed by almost R195-million.
The executive summary stated: ‘This is an unprecedented position where Council has to approve a deficit from the original budget surplus. This is an indication that things are not normal…’
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