JOHANNESBURG - Joburg mayor Dada Morero said Finance Minister Enoch Godongwana's letter addressing the city's finances does not refer to the current financial year.
He said most of the bills have been settled.
''The report of R25billion is as of June 2025, which means we were able to deal with it. By the time the report reaches the National Treasury, some things have been worked on. We are sitting on 60% of the current account, which is the owing of creditors, which is R6.8-billion.
"In fact, we’ve just settled one of our bonds, and the loan we’ve raised with Standard Bank has also been paid off. The city has been budgeting all along. We also caution ourselves against borrowing too much. The statement that suggested that the French bank did not approve, in fact, the City did not make any application, the journalist captured the story incorrectly," he said.