Johnathan Paoli
Democratic Alliance Johannesburg mayoral candidate Helen Zille has said a DA-led administration would seek an urgent Treasury-backed rescue plan for the embattled city.
Addressing residents at a community meeting hosted by the Melville Residents Association on Tuesday night, Zille said South Africa’s economic hub could still be rebuilt, but added that restoring its finances, infrastructure and governance would require intervention from national institutions, the private sector, and international funders.
Eskom said last month that the city and City Power already owed it R5.255 billion in arrears, excluding a further R1.582 billion current account payment due on 5 June.
Zille said the city’s financial position was far worse than official figures suggested.
“Joburg’s debt is currently 65% of its revenue. And it should never be more than 45% of its revenue. That’s where we are now. And that tells you how shocking the state is,” she said.
She accused
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