JOHANNESBURG - Mayor Dada Morero said the City of Johannesburg is not bankrupt.
National Treasury told the City of Gold to fix its finances or face losing crucial funding.
Morero will meet Finance Minister Enoch Godongwana on Friday morning.
The mayor of Africa's economic hub requested the meeting after National Treasury raised concerns over the state of the metro's finances.
READ: Zille - 'Joburg is bankrupt
Morero denied that Joburg's finances are in dire straits.
“The City is not bankrupt. We're still able to pay all our commitments on a month-to-month basis. We're still paying our salaries,” Morero said.
“We're still paying our suppliers. We're still paying our loans that we've borrowed. So we are not a bankrupt city. We can account that our bank account is still fine. We're still managing. Yes, there could be an issue in terms of what you refer to as the availability of cash.”