Joburg approves R7.73bn budget amid protests

Loyiso Sidimba

THE City of Johannesburg on Thursday approved its adjusted budget for the 2024/25 financial year amid protests and widespread unhappiness with the R230 electricity surcharge on prepaid customers. The Municipal Finance Management Act (MFMA) makes provision for a municipality to revise an approved budget through an adjustment budget but only the mayor may table an adjustment budget in the municipal council and it may only be tabled within prescribed limitations as to timing or frequency. The municipal budget and reporting regulations only allow one adjustment budget to be tabled in council during a financial year after the tabling of the mid-year budget and performance assessment but not later than the end of February each year. According to documents presented in council, the meeting approved more than R7.73 billion in adjustment…

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Star South Africa (Digital) - 1 Issue, 2025-03-14

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