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South Africa

ActionSA Criticizes Johannesburg’s Proposed R2.5 Billion Loan

todayJuly 10, 2024 8

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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

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