The National Treasury withheld funds from Johannesburg due to an unfunded city budget, impacting payments to utilities like Eskom and Rand Water.
5 reports, 4 independent
Updated Jul 30
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New informationRepeats or wire copies
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What happened
The National Treasury withheld funds from Johannesburg due to an unfunded city budget, impacting payments to utilities like Eskom and Rand Water.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Velenkosini Hlabisa addressed media in Pretoria regarding the requirement for municipalities to pay their obligations to Eskom.Sub-event
- A municipality receives an equitable share grant from the National Treasury.Sub-event
- Zweli Mkhize defends the Treasury strategy before parliamentary committees regarding the national government's intervention in Eskom's crisis.Sub-event
Treasury withheld funds from Johannesburg due to budget issues, affecting Eskom and Rand Water payments.1 source
Keep exploring
Part of
Service providers in Johannesburg, including Eskom and Rand Water, are facing financial strain due to cost increases, leading to tariff hikes and revenue collection issues.Also in this story
- Municipal tariff increases are affecting business operations and influencing consumer location choices in Johannesburg and Cape Town.
- South Africa's power sector is struggling to meet demand due to ageing coal power plants.
The entities involved
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Johannesburg
largest city in South Africa
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National Treasury
treasury of South Africa
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Eskom
electricity utility in South Africa
Related events
- Eskom is the creditor for the City of Johannesburg's outstanding debt as of May 27, 2026.
- Municipalities are accruing debt to Eskom.
- President Ramaphosa supports the restructuring of Eskom assets, while the Development Bank of Southern Africa provides financial advice to the National Treasury.
- The financial crisis involving Johannesburg and Eskom is ongoing, with Eskom owed R1.5 billion plus R5.2 billion in arrears, and the Gauteng provincial government holding responsibility for the city's issues.
- Duvenage blames Eskom for operational inefficiency, while Organisation Undoing Tax Abuse welcomes a pricing plan to restore market confidence.