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Joburg faces R9.5bn bad debt amid audit regression

City's qualified audit highlights governance failures and growing fiscal pressure

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iol.co.za

businessday.co.za

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iol.co.za3 mesi fa

AG warns Joburg is leaking R2.8bn in water revenue loss, crisis posing public health risk

Johannesburg Water loses 45% capacity (R2.8bn revenue loss) due to deteriorating infrastructure and poor maintenance; AG urges urgent action. Highlights governance risks on critical infrastructure—relevant for CTOs planning outsourcing, remote asset monitoring, and compliance on mission-critical systems.

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businessday.co.za3 mesi fa

Joburg bond reinstated despite deep financial strain

Johannesburg lifted its JSE bond suspension after publishing overdue audited financials for 2024/25, ending a compliance breach. The municipality remains technically insolvent with R3.9bn cost overruns and R5.3bn Eskom debt, exposing governance instability.

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Timeline cronologica

martedì 2 giugno 2026·iol.co.za
Auditor-General warns City of Joburg faces governance, ICT and service delivery crisis
The Auditor-General has raised alarming concerns regarding governance failures, weak compliance controls, and deteriorating infrastructure in Johannesburg, urging immediate action…
martedì 2 giugno 2026·businessday.co.za
Joburg bond reinstated despite deep financial strain
City fulfills reporting requirements but remains technically insolvent

AG warns Joburg is leaking R2.8bn in water revenue loss, crisis posing public health risk

Joburg bond reinstated despite deep financial strain

Timeline cronologica

Auditor-General warns City of Joburg faces governance, ICT and service delivery crisis

Joburg bond reinstated despite deep financial strain

Joburg metro welcomes JSE bond reinstatement as confidence boost amid financial pressures

Joburg faces R9.5bn bad debt amid audit regression

AG warns Joburg is leaking R2.8bn in water revenue loss, crisis posing public health risk