By Thebe Mabanga
The City of Johannesburg has downplayed the JSE’s suspension of its listed debt securities, describing it as “procedural” and a “technical compliance matter” rather than a sign of financial distress.
On Friday, the JSE announced that the city had failed to submit its annual reporting documents for the year ended 30 June 2025 and had suspended its bonds from trading as a result. The suspension followed earlier notices in January and February in which the city said it would miss the relevant deadlines.
The city also sought to allay concerns among suppliers and residents about the state of its finances, while giving limited detail on the implications for bondholders directly affected by the suspension.
“The City of Johannesburg notes the procedural suspension of its listed debt securities by the JSE, following the timing of its audited financial statement submission,” the city said in a statement.
“The City
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