Joburg passes budget, averts being placed under administration
After intense consultations, all political parties, except the EFF, supported the budget, which dramatically cuts the city’s capital expenditure
09 July 2020 - 17:17
The Johannesburg council has passed its R68.1bn budget, averting SA’s richest city from being placed under administration a day before a deadline to do so was set to lapse.
The clock was ticking for the city, which faced having an administrator appointed to run the metro until a new council was elected if it did not pass the budget, after having failed to do so before the start of the new financial year...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.