City of Johannesburg Finance MMC Dada believes the City will collect 91% of its revenue. The GCR downgraded the City because of its low-income growth, increasing expenditure, and "relatively weak" collection rates. City of Johannesburg Finance MMC Dada Morero says the City is on the road to collecting 91% of its revenue needed to ensure the R80.9-billion budget. READ | 'Frequent collapse' of local government coalitions 'is deliberate', Mashatile tells national dialogueThe City budget is based on an 87% revenue collection. Morero's draft budget was based on a revenue collection rate of 91%, which the Treasury rejected as "unrealistic".

Source: News 24 August 05, 2023 05:31 UTC