After intense consultations, all political parties, except the EFF, supported the budget, which dramatically cuts the city’s capital expenditure
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.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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