South Africa: Limpopo debacle hots up

Allegations of sabotage, mounting debt and widespread financial mismanagement….The debacle in Limpopo has spewed out a dangerous brew of bad money and political in-fighting, writes Kim Cloete in Business Day. The financial mismanagement may have been rotten to the core, but it’s the timing of the intervention that has riled Limpopo’s ANC-run administration. National Treasury says it had warned the Limpopo Treasury throughout last year that it would run out of funds if it was going to continue with its rampant spending. Eventually the situation reached a head in November when it became clear that the province was bankrupt.