KwaZulu-Natal government departments have to embark on a belt tightening exercise which will include the freezing of posts, as the province has lost over R300 million of its 2024/25 budget allocation.
The provincial treasury has cited the equitable share formula which it said was not applied in the province’s favour as the reason for the loss of the money.
“KZN lost R334.5 million in terms of its equitable