Joburg could be placed under administration after missed budget deadline
SA’s richest city, biggest municipality and economic hub is now unable to spend any money in terms of the MFMA
02 July 2020 - 12:41
The City of Johannesburg could be placed under administration after it missed the deadline for passing its budget before the start of the financial year.
Johannesburg, which is SA’s economic hub, its richest city and the municipality with the biggest budget, was initially set to pass its budget on Tuesday but, for the first time since the Municipal Finance Management Act came into effect in 2003, it was unable to do so. ..
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