Mayor Dada Morero confident COJ will settle debt

The City of Johannesburg has urged residents not to panic as the city is not in financial crisis.
That is the official word from Mayor Dada Morero following a tense, high-stakes press briefing on the state of the city's accounts. It comes after National Treasury pulled the plug on key funding transfers, locking down Joburg alongside dozens of other municipalities to force compliance and clean up financial mismanagement. Morero and other members of his council briefed the media on Wednesday about underlying issues and the state of the city when it comes to finances.

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