Grim picture of Nelson Mandela Bay Metro finances
An audit revealed 'missing' tender files and documents amounting to more than R2.6 billion.
CAPE TOWN - The Nelson Mandela Bay Municipality says if necessary it will further investigate irregularities exposed in an Auditor-General (AG) report.
An audit revealed "missing" tender files and documents amounting to more than R2.6 billion and other damning findings.
The metro has confirmed it's received the report, but says it's still perusing the lengthy document.
According to the AG report R2.6 billion is unaccounted for, R1.3 billion has been mismanaged and a further R146 million has been written off as fruitless and wasteful expenditure.
It also notes Nelson Mandela Bay's troubled R2 billion Bus Rapid Transit system is being investigated by National Treasury.
Municipality spokesperson Mthubanzi Mniki says officials are still perusing the report.
Mniki says officials found guilty of corruption will be dealt with.
Read the Auditor-General's full report on the municipality's website here.