Joburg on ‘enhanced revenue collection drive’ to boost cash flow
MMC says interventions and cuts to unnecessary expenditure will bear fruit in the next two months
16 January 2023 - 19:52
City of Johannesburg finance MMC Julie Suddaby said SA’s biggest metro has a number of initiatives lined up to deal with the cash-flow challenges dogging the country’s economic hub, but would not say what these entail.
“The city has experienced a cash-flow challenge arising from the council’s refusal to approve the R2bn loan from DBSA [Development Bank of Southern Africa],” Suddaby said on Monday...
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.