play_arrow

keyboard_arrow_right

Listeners:

Top listeners:

skip_previous skip_next
00:00 00:00
playlist_play chevron_left
volume_up

South Africa

ActionSA Criticizes Johannesburg’s Proposed R2.5 Billion Loan

todayJuly 10, 2024 8

Background
share close

In South Africa, ActionSA says the City of Johannesburg’s proposed 2.5-billion-rand loan from the French Development Agency constitutes a costly and negligible debt burden to residents. The Johannesburg council rejected the loan, with 118 councillors voting against it and 111 in favour. Three councillors abstained. ActionSA’s, Nobuhle Mthembu, says the city must instead focus on collecting revenue from the numerous departments that owe it millions of rands, an amount roughly equal to the proposed loan:

 

Written by: Leonard Witbeen

Rate it

Similar posts

Post comments (0)

Leave a reply

Your email address will not be published. Required fields are marked *


0%