National Treasury has set a guideline ceiling for total borrowing for each of the metros: it should not exceed 45% of total annual revenue.

National Treasury has set a guideline ceiling for total borrowing for each of the metros: it should not exceed 45% of total annual revenue.

Johannesburg is starting a new financial year with a multibillion-rand budget that’s not fully funded, potentially deepening a crisis that’s already left it unable to pay for…