Joburg finance chief urges private sector to assist in revitalising city

📆 14-06-23 01:27:00
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Dada Morero unveils R80.9bn budget for 2023/24, but says the city needs R4.3bn a month

City of Johannesburg finance head Dada Morero tabled a R80.9bn budget for the 2023/24 financial year on Tuesday and urged the private sector to work with the municipality in solving the socio-economic challenges in SA’s richest and largest metro.

The current government of local unity has inherited a city reeling under financial challenges and neglected infrastructure, and Morero said the budget alone was insufficient to fund its operations and roll out services to its 6-million residents. The municipality needs a minimum of R4.3bn a month, he said...

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Joburg 2023/24 budget: 'Finance MMC should meet political parties' expectations'City of Joburg council Speaker Colleen Makhubele said the Finance MMC Dada Morero will have to draw up a comprehensive finance model, that will bring an end to the irregular use of city funds.
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