JOHANNESBURG - Joburg council speaker Colleen Makhubele said the city was at risk of being placed under administration, should the proposed annual budget not outline the metro’s true financial status.
This comes as the municipality has been facing a financial crisis in the previous year, due to its poor revenue collection for services rendered. In the midst of its financial crisis, the municipality has obtained a series of multi-billion-rand loans from the Development Bank of Southern Africa to carry out service delivery.
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