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Johannesburg's Cash Crisis Deepens | Johannesburg News

Johannesburg's Cash Crisis Deepens | Johannesburg News

Published 1 week, 1 day ago
Description

Johannesburg’s getting a massive 3.7 billion rand boost—but it might not be enough to fix its cash crisis. The city’s already received 2.6 billion, with another 1.1 billion coming, but instead of funding basic services for poor households, the money’s being used to pay off debts—including their water bill. The real danger looms July 28, when Eskom decides on a 5 billion rand electricity debt; non-payment could plunge the city into blackouts. Experts warn withholding such grants hits residents hardest, especially in smaller towns, where this funding is often the only lifeline for essential services like water and power. Meanwhile, 14 municipalities face a combined 4.65 billion rand shortfall, despite being owed billions—much of it old, unpaid debt.

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