FAQs
FAQs Frequently Asked Questions There has been much talk about the City’s liquidity challenges in the last couple of weeks. What is the City’s position on this matter? The liquidity situation took a negative turn due to accelerated capex program ahead of 2010 and the implementation of programme Phakama. The drastic reduction of the annual capital expenditure is aimed at bolstering cash reserves back acceptable levels and thus less reliance on borrowing. After low revenue collections levels in 2010/11 the City revenue collection strategies are starting to bear fruit as can be seen on ...
Source: joburg.org.za