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Treasury clears Joburg budget as metro tackles R23bn governance backlog

Joburg wins Treasury backing while working to reduce irregular spending and restore finances

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businessday.co.zaStai leggendo1 mese fa

Treasury clears Joburg budget as metro tackles R23bn governance backlog

Joburg wins Treasury backing while working to reduce irregular spending and restore finances

originale

Timeline cronologica

martedì 7 luglio 2026·businessday.co.za
Treasury freezes funds for 66 municipalities over financial failures
Treasury withholds funds for July from cities including Johannesburg and Buffalo City to enforce fiscal discipline
martedì 7 luglio 2026·businessday.co.za
Treasury freezes funds for 69 municipalities over financial failures
Treasury withholds funds for July from cities including Johannesburg and Buffalo City to enforce fiscal discipline

iol.co.za

1 mese fa

Joburg to pay R960 million to Rand Water as City tackles debt pressures, says Morero

Joburg Mayor Dada Morero says National Treasury has cleared concerns over the City's budget, allowing the metro to move closer to receiving its equitable share allocation and settling debts.

Leggi questa versione → originale

engineeringnews.co.za1 mese fa

South Africa ties R3.6bn Johannesburg funding to debt plan

National Treasury said it will release funding that’s been withdrawn from dozens of municipalities after they’ve submitted plans on how they’ll pay their debts. The Treasury on Tuesday withheld R13.5-billion from 69…

Leggi questa versione → originale

africa.businessinsider.com1 mese fa

Africa’s richest city promises creditors billions it cannot yet access as Treasury freezes funds and Eskom…

Johannesburg is relying on $221 million in frozen government funding to pay Eskom and Rand Water as mounting debt, asset seizures and possible power cuts deepen concerns over the finances of Africa’s richest city

Leggi questa versione → originale

mercoledì 8 luglio 2026·

iol.co.za

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

The National Treasury has temporarily withheld part of Johannesburg's July equitable share transfer, placing further pressure on the metro's finances despite assurances by city…

mercoledì 8 luglio 2026·

africa.businessinsider.com

Africa’s richest city loses state funding as South Africa cracks down on wasteful spending

South Africa has suspended state funding to Johannesburg and 68 other municipalities over financial mismanagement, increasing pressure on Africa’s richest city ahead of November’s…

mercoledì 8 luglio 2026·

iol.co.za

City of Joburg hit with R3.6bn funding freeze as Treasury cracks down on 69 municipalities

The National Treasury has temporarily withheld R13.5 billion in equitable share allocations from 69 municipalities nationwide, including R3.6 billion due to the City of…

mercoledì 8 luglio 2026·

businessday.co.za

Treasury clears Joburg budget as metro tackles R23bn governance backlog

Joburg wins Treasury backing while working to reduce irregular spending and restore finances

mercoledì 8 luglio 2026·

iol.co.za

'Not in crisis': Mayor responds to Treasury action against Joburg

Johannesburg's Executive Mayor Dada Morero reassures residents of the city's financial stability and ongoing service delivery, despite increased scrutiny from National Treasury.…

mercoledì 8 luglio 2026·

iol.co.za

City of Joburg among 67 municipalities hit by Treasury funding freeze

Joburg among 67 municipalities hit by Treasury funding freeze

mercoledì 8 luglio 2026·

engineeringnews.co.za

South Africa ties R3.6bn Johannesburg funding to debt plan

National Treasury said it will release funding that’s been withdrawn from dozens of municipalities after they’ve submitted plans on how they’ll pay their debts. The Treasury on…

giovedì 9 luglio 2026·

iol.co.za

Morero unveils plans to tackle Eskom debt and restore financial stability

Mayor Dada Morero of Johannesburg reveals a strategic plan to repay Eskom and tackle the city's growing debts, aiming to restore financial stability and address concerns from…

giovedì 9 luglio 2026·

iol.co.za

Joburg's finances in turmoil as the National Treasury freezes R3.6 billion in funding

The City of Johannesburg faces a costly dilemma as the National Treasury temporarily freezes a significant portion of its funding, forcing the municipality to reassess its…

giovedì 9 luglio 2026·

iol.co.za

Joburg to pay R960 million to Rand Water as City tackles debt pressures, says Morero

Joburg Mayor Dada Morero says National Treasury has cleared concerns over the City's budget, allowing the metro to move closer to receiving its equitable share allocation and…

giovedì 9 luglio 2026·

iol.co.za

Treasury's Funding Freeze: A call for accountability in Johannesburg

Bosa warns that the National Treasury's withholding of Johannesburg's funding exposes years of financial mismanagement and calls for urgent accountability from city officials.

giovedì 9 luglio 2026·

iol.co.za

Treasury's Joburg funding decision puts economic hub under pressure

Because Johannesburg generates almost 16% of South Africa's GDP, National Treasury's decision to withhold grant funding from the city has far-reaching implications.

giovedì 9 luglio 2026·

businessday.co.za

WATCH | Treasury funding freeze puts municipal finances in focus

Business Day TV spoke to Nkululeko Dunga, Gauteng's finance MEC

venerdì 10 luglio 2026·

africa.businessinsider.com

Africa’s richest city promises creditors billions it cannot yet access as Treasury freezes funds and Eskom power-cut threat looms

Johannesburg is relying on $221 million in frozen government funding to pay Eskom and Rand Water as mounting debt, asset seizures and possible power cuts deepen concerns over the…

venerdì 10 luglio 2026·

africa.businessinsider.com

Africa's richest city races to pay $146 million in debts, and unlock $200 million for infrastructure revival

Johannesburg is working to restore R3

Treasury clears Joburg budget as metro tackles R23bn governance backlog

Timeline cronologica

Treasury freezes funds for 66 municipalities over financial failures

Treasury freezes funds for 69 municipalities over financial failures

Joburg to pay R960 million to Rand Water as City tackles debt pressures, says Morero

South Africa ties R3.6bn Johannesburg funding to debt plan

Africa’s richest city promises creditors billions it cannot yet access as Treasury freezes funds and Eskom…

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

Africa’s richest city loses state funding as South Africa cracks down on wasteful spending

City of Joburg hit with R3.6bn funding freeze as Treasury cracks down on 69 municipalities

Treasury clears Joburg budget as metro tackles R23bn governance backlog

'Not in crisis': Mayor responds to Treasury action against Joburg

City of Joburg among 67 municipalities hit by Treasury funding freeze

South Africa ties R3.6bn Johannesburg funding to debt plan

Morero unveils plans to tackle Eskom debt and restore financial stability

Joburg's finances in turmoil as the National Treasury freezes R3.6 billion in funding

Joburg to pay R960 million to Rand Water as City tackles debt pressures, says Morero

Treasury's Funding Freeze: A call for accountability in Johannesburg

Treasury's Joburg funding decision puts economic hub under pressure

WATCH | Treasury funding freeze puts municipal finances in focus

Africa’s richest city promises creditors billions it cannot yet access as Treasury freezes funds and Eskom power-cut threat looms

Africa's richest city races to pay $146 million in debts, and unlock $200 million for infrastructure revival