City manager tells Parliament Joburg is financially sound
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Johannesburg city manager Dr. Floyd Brink has defended the city's financial stability before Parliament, despite threats from the Finance Minister to withhold funding. The city faces scrutiny over R45 billion in wasteful expenditure and an unfunded budget.
Why it matters
The financial health of South Africa's largest city is critical to national economic stability and the delivery of essential public services.
Facing threats from Finance Minister Enoch Godongwana to withhold funding, Johannesburg’s city manager, Dr Floyd Brink, told Parliament that rising revenue collections had stabilised the city’s finances. But its municipal entities have written off at least R45bn in fruitless and wasteful expenditure.
The article balances the city's defense with the Auditor-General's critical findings and opposition concerns.
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