Tough times for Joburg as metro revises its budget downwards
Revenue collection in Africa's richest city has taken a heavy knock due to pandemic lockdown
Johannesburg has a huge challenge in the coming financial year as revenue projections fall as a result of the economic devastation caused by the Covid-19 pandemic lockdown.
SA’s richest city is expected to decrease its budget for capital expenditure, which funds its infrastructure development. Revenue collection, which funds the majority of the budget, took a heavy knock n April and May during the national lockdown.