Revenue collection in Africa's richest city has taken a heavy knock due to pandemic lockdown
Johannesburg has a huge challenge in the coming financial year as revenue projections fall as a result of the economic devastation caused by the Covid-19 pandemic lockdown.
SA’s richest city is expected to decrease its budget for capital expenditure, which funds its infrastructure development. Revenue collection, which funds the majority of the budget, took a heavy knock n April and May during the national lockdown.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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