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South Africa: Johannesburg Faces a Total Financial Collapse While Executive Pay Soars

[Our City News] The past few days have been a lot to deal with for the residents of Johannesburg. After suspicions, murmurs, denials and lies, it has been confirmed that the City of Johannesburg (CoJ) is bankrupt. In a scathing letter last week, Finance Minister Enoch Godongwana

First seen · 7:00 PM UTCMay 11, 2026

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South Africa: Johannesburg Faces a Total Financial Collapse While Executive Pay Soars[Our City News] The past few days have been a lot to deal with for the residents of Johannesburg. After suspicions, murmurs, denials and lies, it has been confirmed that the City of Johannesburg (CoJ) is bankrupt. In a scathing letter last week, Finance Minister Enoch Godongwana
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