The City of Johannesburg paid its long-term debt obligations on the Johannesburg Stock Exchange (JSE), this week.
This was done through a capital settlement and final interest payout of its COJ08 listed municipal bond.
This amounted to over R1.52 billion.
The settlement included a final interest payout of R82.48 million.
The City’s finances remain under pressure, because the JSE once suspended the municipality’s debt securities due to the city’s failure to publish audited financial statements.
Moreover,the city faces ongoing liquidity and funding gap, and is in arrears with the bulk utility supplier -Eskom.
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