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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 finances of Africa’s richest city
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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…
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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…
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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…
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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
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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…
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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…
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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…
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Africa's richest city races to pay $146 million in debts, and unlock $200 million for infrastructure revival
Johannesburg is working to restore R3