If the City of Johannesburg goes ahead with proposed tariff hikes based on new property valuations, ratepayers could, in effect, be paying three times inflation the inflation rate, warns a rates specialist.
The City of Johannesburg council has finally agreed to approve a R2-billion loan from the Development Bank of Southern Africa (DBSA). According to Mayor Thapelo Amad, the loan was eventually approved after a lengthy council sitting which went into the early hours of Thursday morning.