Executive Mayor Dada Morero addresses the media on Johannesburg's financial recovery plan and service delivery assurance.
The City of Johannesburg has moved to reassure residents and investors that its finances remain stable despite heightened scrutiny from National Treasury, with Executive Mayor Dada Morero insisting that the metro's budget is funded and that critical services will be protected as the city works to address cash flow and governance challenges.
Addressing the media on Wednesday, Morero said the city was cooperating fully with National Treasury following the invocation of Section 216(2) of the Constitution and Section 38(1) of the Municipal Finance Management Act (MFMA), measures aimed at strengthening financial accountability.
"We have received correspondence from National Treasury that confirmed that the City's 2026/27 Annual Budget is funded," Morero said.
"This is comforting feedback as it confirms that our financial management is okay and has not reached a crisis state. However, more needs to be done to manage our cash flow and revenue performance."
