Joburg 2023/24 budget: 'Finance MMC should meet political parties' expectations'

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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.

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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