City of Johannesburg unveils R83.1bn budget, with tariff hikes amid economic strain

14 May

Alex Patrick

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City of Johannesburg Mayor Kabelo Gwamanda (L), Speaker Margaret Arnolds (M), and MMC for Finance Dada Morero (R). (Alex Patrick/News24)

Johannesburg Finance MMC Dada Morero has announced a new R83.1-billion budget for the City on Tuesday.

There were a number of national and provincial leaders in attendance, including Electricity Minister Kgosientsho Ramokgopa, Deputy Minister of Water and Sanitation David Mahlobo, the former mayor Parks Tau, Gauteng Economic Development MEC Tasneem Motara, and members of various royal kingdoms in the country.

The massive budget has increased from the previous financial year’s R80.9 billion. The previous budget had been rebased by 6% as the City could not collect the expected revenue.

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