Key facts
- City of Johannesburg (CoJ) finances described as a 'horror show'.
- CoJ wrote off R9bn in consumer debt.
- City Power incurred R5.7bn in electricity losses.
- Johannesburg Water incurred R2.8bn from water losses.
A member of the Standing Committee on Public Accounts (Scopa) has characterized the financial situation of the City of Johannesburg (CoJ) as a 'horror show'. This assessment comes in light of significant financial write-offs and losses within the municipality's entities. The CoJ has written off R9 billion in consumer debt. Furthermore, City Power, the city's electricity utility, has incurred R5.7 billion in electricity losses. Johannesburg Water, responsible for water services, has also reported substantial losses amounting to R2.8 billion due to water losses.