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Accounting magic, not new money, pays for R1bn flood relief

National Treasury says the emergency money must be redirected from existing budgets in the affected towns and provinces, to be refunded later

22 May 2022 - 00:00 By AMANDA KHOZA and ZIMASA MATIWANE

There is no R1bn that was made “immediately” available to KwaZulu-Natal and the Eastern Cape to recover from the flood disaster last month, as apparently promised by finance minister Enoch Godongwana...

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