City of Johannesburg struggles with limited funding despite ambitious plans

Despite its challenging financial situation, Johannesburg wants to spend R80.9 billion to deliver services and cover costs for the upcoming financial year. Moneyweb reports that the city’s budget, presented by MMC for Finance Dada Morero, highlights the dire state of its finances, with significant debt and poor revenue collection. The budget allocates R73.3 billion for … Continue reading City of Johannesburg struggles with limited funding despite ambitious plans