City of Joburg faces fresh financial blow as Treasury withholds equitable share

The City of Johannesburg has suffered another financial setback after the National Treasury temporarily withheld part of its July equitable share allocation over persistent failures to comply with municipal financial management laws.

Days after the sheriff attached city assets over unpaid debts, the City of Johannesburg has been hit with another setback after the National Treasury temporarily withheld part of its July funding allocation.

The metro is among 69 municipalities across the country whose July 2026 equitable share transfers have been partially withheld because of continued non-compliance with the Municipal Finance Management Act (MFMA) and related regulations.

The latest development comes days after the sheriff attached city assets over unpaid debts, forcing the temporary closure of the city's flagship Thuso House Customer Service Centre.

The attachment followed the city's failure to settle R3.4 million owed to creditors.