The financial mismanagement in the City of Johannesburg has reached alarming levels, as the municipality disclosed a staggering R45.16 billion in unauthorised, irregular, fruitless, and wasteful (UIFW) expenditure written off over the past five years.

The City of Johannesburg is grappling with more than R10bn in losses across its water, electricity and housing entities.

Johannesburg's leadership admits to significant governance and financial management issues following the Auditor-General's report, revealing deep-rooted challenges and a mixed…