South Africa Treasury to Cut Johannesburg Funding Over Wage Bill
South Africa’s National Treasury will withhold state funding for Johannesburg and dozens of other municipalities this month over their failure to manage their finances properly.
South Africa’s National Treasury will withhold state funding for Johannesburg and dozens of other municipalities this month over their failure to manage their finances properly.
The City of Johannesburg, which is on the verge of financial collapse, said Moody’s Ratings’ positive outlook on the municipality’s credit assessment provides a path to an upgrade that the…






