Finance MMC Dada Morero says the move by households and businesses to alternative sources of power will put the city’s finances under strain
Johannesburg finance member of the mayoral committee Dada Morero says the budget to be tabled by May could be lower than in previous years. PHOTO: ANTONIO MUCHAVE
Joburg finance member of the mayoral committee Dada Morero told Business Day that load-shedding had cost the metro much-needed revenue as some residents and businesses were “migrating” to alternative sources of energy to lessen the impact of Eskom’s daily power blackouts which can often last up to 10 hours a day.
Data from the National Treasury released on Monday shows that of the R154bn owed to metropolitan municipalities up to December 31 2022, the City of Johannesburg contributed the lion’s share at 28.8% followed by Ekurhuleni at 19.9%, eThekwini at 14.5%, Tshwane at 11.8% and Nelson Mandela Bay at 9.8%.
The city noted that some residents could not pay their municipal rates and taxes due to job losses, with businesses owing the city about R7.4bn. The collection of revenue in township areas was low. “It’s sitting around 30%. We need to increase that collection because the money collected in townships will be reinvested back into the townships,” Morero said.
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