Finance

Joburg’s finances are healthy

BETTER-THAN-EXPECTED figures for the first half of the financial year signal “a growing confidence among ratepayers who contribute to the city’s coffers”.

Joburg is ‘healthy’

THE City has stressed that its finances are stable and that revenue collection is up while billing accuracy has improved.

Joburg gets the nod from Fitch

THE global ratings agency has kept Joburg’s credit rating steady, signalling its ongoing confidence in the City’s ability to manage its finances.

Joburg talks to investors

PRESENTATIONS are being given in Cape Town and Johannesburg to the investment community on the City’s audited financial statements, business plans and strategy for the future.

City finances are balanced

RESIDENTS have been assured that the City’s financial position is “robust and healthy and that we will continue to manage it in a responsible manner”.

Investors buy City bonds

THE response to institutional bonds issued by Johannesburg earlier this month shows a surge of investor confidence in the City, says the City manager.

City pays R1bn to investors

JOHANNESBURG has paid out the first bond it issued, way back in 2004, with R1-billion going to the far-sighted investors who took up the offer.

Call for pointers for Gordhan

CARRYING on the tradition of listening to citizens started by his predecessor, the minister of finance wants people to send him suggestions for his budget.

City gets unqualified audit

THE successive clean audits are expected to improve investor confidence in Joburg and boost its credit ratings.
* The past year was a good one

City looks to push economy

OFFICIALS from Joburg’s economic development department met with local business leaders to discuss ways of accelerating economic recovery.

Jozi again leads the field

THE municipal public accounts committee, a pilot project for the country, keeps an eye on the City and how it spends its money.

Two weeks to efiling deadline

WITH the tax return deadline just around the corner, taxpayers have been urged to step up and take action to avoid paying fines.

City raises R758m in bond issue

JOBURG issued its second commercial paper, which was oversubscribed and snapped up by a handful of hungry investors.

City holds credit rating steady

FITCH has kept Joburg's credit ratings steady, in a move that in the midst of the recession "says the business of the City is indeed in a healthy state".

Strong budget in tight times

JOBURG Water and City Power get the biggest slice of Joburg's R26-billion budget, although capital expenditure drops substantially as big City projects near completion.

Power, water expect budget cash

FEW surprises are expected in tomorrow's City budget, with the lion's share going to installing, upgrading and maintaining infrastructure, transport and building houses.

Experts look at economic crisis

JOBURG has not escaped the effects of the global economic crisis, the impact of which on Gauteng and South Africa is the topic of a daylong seminar at Wits.