Gauteng Finance MEC Refutes Bankruptcy Claims

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Gauteng Finance MEC Refutes Bankruptcy Claims
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Gauteng Finance MEC Lebogang Maile has strongly refuted media reports claiming the province faces potential bankruptcy and a R6 billion shortfall by June 2025. Maile addressed the claims in a media briefing, emphasizing the need to provide a comprehensive response in the public interest, but in line with accountability and transparency.

'The matter of possible bankruptcy, even in the current financial year, should be refuted,' says Maile. Gauteng Finance MEC Lebogang Maile has strongly refuted media reports claiming the province faces potential bankruptcy and a R6 billion shortfall by June 2025.

“We initially thought maybe we should just issue a statement, but it would be like we are running away from accounting,” Maile said. The Gauteng Department of Health has spent R46.1 billion, or 69.8% of its R66.17 billion adjusted budget, with major spending focused on Central Hospital Services, District Health Services, and Provincial Hospital Services.Similarly, the Gauteng Department of Education’s expenditure reached R45.9 billion, or 69.5% of its R66.1 billion adjusted budget.

This increase comprised function shifts, surrenders, and suspensions of R92.9 million, with R1.2 billion in rollovers and an additional R2.1 billion made available by the province.

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