Financial Troubles
The park was built at a cost of R700-million, has been subsidized for a total of R450-million by the eThekwini Municipality, suffered a net loss of R44.5-million, and a total deficit of R377.5-million. There have also been irregular expenditures (expenditures which do not undergo normal procurement procedures) of R3.15-million on the park.
Read more about this topic: UShaka Marine World
Famous quotes containing the words financial and/or troubles:
“What people don’t realize is that intimacy has its conventions as well as ordinary social intercourse. There are three cardinal rules—don’t take somebody else’s boyfriend unless you’ve been specifically invited to do so, don’t take a drink without being asked, and keep a scrupulous accounting in financial matters.”
—W.H. (Wystan Hugh)
“Our God, our help in ages past,
Our hope for years to come;
Be thou our guard while troubles last,
And our eternal home”
—Isaac Watts (1674–1748)