Make or break for South Africa’s most important city

[Declan Thompson]

Make or break for South Africa’s most important city

An approved R3.8 billion loan from the German bank KfW could potentially solve Johannesburg's energy crisis, as long as the money is spent where it needs to be.

 

[B-1]

 

[ToxicBunny]

Nah won't solve nuffink

 

[Neuk_]

Just like with many other 'organisations' in South Africa, enough 'funding' has never been the root cause of the issues.

 

[ghaye]

Who decided that Jhb is SA's most important city? Did anybody ask the folks in Richards Bay what they think?

 

[Lupus]

Who decided that Jhb is SA's most important city? Did anybody ask the folks in Richards Bay what they think?

All 5 said what?

 

[ghaye]

All 5 said what?

Obviously that they are far more important. Or in Trumpian English importanter.

 

[ToxicBunny]

Who decided that Jhb is SA's most important city? Did anybody ask the folks in Richards Bay what they think?

Why would anyone ask anyone in Retards Bay anything?

 

[Ninja'd]

Who decided that Jhb is SA's most important city? Did anybody ask the folks in Richards Bay what they think?

They switched tactics after some idiot questioned them yesterday about "the richest city"

Why do y'all always say richest city in the headline like it's some part of an agenda?

Search results for query: richest city

mybroadband.co.za

 

[Ninja'd]

as long as the money is spent where it needs to be.

 

[ghaye]

Why would anyone ask anyone in Retards Bay anything?

Why not? Or Pofadder for that matter. Or do we HAVE to swallow propaganda?

 

[ShaunSA]

A loan that Joziebergers will have to pay back while the comrades line their couches

 

[ghaye]

A loan that Joziebergers will have to pay back while the comrades line their couches

Are you new to this game? You line your pockets and stuff your couch.

 

[Bad Ballie]

The money will be looted and all that will remain are the strings that are attached to the loan.

 

[ShaunSA]

Are you new to this game? You line your pockets and stuff your couch.

And buy a fleet of blue lambos

 

[dualmeister]

There is nothing important about Joburg

 

[Corelli]

It wont solve it. They are about R25.2 billion in debt, with about R6 billion of that owed to Eskom.

And they have been borrowing year after year.
2024 they borrowed R2.5 billion
2025 they borrowed another R2.5 billion
2026 now another R3.8 billion they have borrowed

None of the first two loans from 2024 and 2025 has been repaid either.

And now also consider they spend R1.45 billion on unauthorised spending a year, R22.2 billion on irregular spenting and about R1 billion on wasteful spending.

So no, its basically just a stopgap. Johannesburg has serious cash flow problems, they literally just put out a budget expecting a certain income but they have never gotten close as most simply dont pay for their accounts either. And we can see that with their new rates. Complained about Cape Town rates? Youre not even close. Joburg said they will raise by about 12.5%, however its actually 60% with their fixed charges additions.

They are in serious trouble but oblivious to it.

 

[ghaye]

And buy a fleet of blue lambos

Once your pockets are full and the couches stuffed you have to find something else to do with all that moolah.

 

[notayoba]

as long as the money is spent where it needs to be.

I have a free energy device that will solve all the country's problems.

'as long as the laws of physicis no longer apply'

 

[ToxicBunny]

Why not? Or Pofadder for that matter. Or do we HAVE to swallow propaganda?

Ok, no Pofadder we can ask, cos that is a cool name.