Explain and verify | Why is City of Tshwane experiencing financial crisis?

Why is City of Tshwane experiencing financial crisis? The City of Tshwane has been sinking deeper into debts over the past several administrations. As the reports from the Auditor General suggest, the city is plagued by mismanagement and maladministration of public funds. There are claims that City of Tshwane is currently insolvent with a liquidity ratio of 0.6, when it is supposed to have at least a liquidity ratio above 1. Let's look at Auditor General recent findings. For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.