South Africa’s richest city has 16 days of cash on hand. It is meant to have at least 30 days’ worth.
- Johannesburg has 16 days of cash on hand to cover costs, meeting the National Treasury's minimum 30-day benchmark.
- The city is grappling with a fiscal crisis due to chronic mismanagement and difficulty collecting revenue from ratepayers, resulting in an unfunded budget gap of R2.1 billion.
- The city's efforts to improve its finances come as protests by workers demand permanent staff, while Johannesburg has recently paid off R5.26 billion in overdue power bills to Eskom.
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