Probe into missing R8m meant to benefit local business on West Rand

  • 📰 SowetanLIVE
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

A mill plant which was supposed to start working in 2017 in Randfontein to help grow the agricultural and retail sector on the West Rand is still not functioning.

The Gauteng portfolio committee on economic development, environment, agriculture and rural development made the shocking discovery last week.

Chairperson of the committee Lindiwe Lasindwa said Isigayo Mill was supposed to be completed in the 2015/2016 financial year and open in 2017. Lasindwa said she was shocked and disappointed that the project meant to benefit the people by empowering local SMEs and retailers was still not functional. She said the project could have ensured that local businesses become meaningful players in the food industry and help promote the emergence of black industrialists.

“It has come to the committee's attention that the Gauteng department of agriculture and rural development has transferred an amount of R8m to Rand West municipality to assist in the operational and assets of the mill and the amount is alleged that is not accounted for by both the department and municipality,” Lasindwa said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rand weakens as US retail data exceeds market expectationsRetail sales for June saw a 0.4% month-on-month rise, the same as in May, and twice as much as expected
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: JSE closes higher, as rand loses earlier gainsThe rand ended its winning streak after better-than-expected US retail sales for June gave the dollar a little more breathing room
Source: BDliveSA - 🏆 12. / 63 Read more »

Emerging-markets stocks fall on US-China trade tensionsThe rand slipped 0.2% ahead of the Reserve Bank’s rate decision
Source: BDliveSA - 🏆 12. / 63 Read more »