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Johannesburg on Edge with 12 Days of Cash | Johannesburg News

Johannesburg on Edge with 12 Days of Cash | Johannesburg News

Published 1 week, 4 days ago
Description

Johannesburg is teetering on the edge of a cash crisis, with only twelve days of funds left—far below the thirty-two-day safety net required to keep operations running. The city is holding its breath, waiting on a crucial payment from National Treasury to cover massive bills with Eskom and Rand Water. While not bankrupt, the pressure is mounting as revenue collection struggles and electricity costs eat into the budget. The mayor’s top priority now is securing that transfer and tightening financial controls to avoid repeating this emergency.

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