{"id":93239,"date":"2025-11-20T17:34:29","date_gmt":"2025-11-20T17:34:29","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/johannesburg-waters-r4-billion-surplus-clarified"},"modified":"2025-11-20T17:34:29","modified_gmt":"2025-11-20T17:34:29","slug":"johannesburg-waters-r4-billion-surplus-clarified","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/johannesburg-waters-r4-billion-surplus-clarified","title":{"rendered":"Johannesburg Water&#8217;s R4 Billion Surplus Clarified"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; South-Africa. <\/strong><\/span>National Treasury and the auditor-general have confirmed that Johannesburg Water\u2019s records show a R4 billion revenue surplus, but the money is not directly available to the entity.<\/p>\n<p>This clarification follows reports two months ago suggesting that R4 billion was &#8220;missing&#8221; from the entity\u2019s bank accounts. The city has since clarified that the surplus was transferred to the city\u2019s group fund.<\/p>\n<p>Representatives from National Treasury and the auditor-general confirmed in Parliament that while the R4 billion was recorded in Johannesburg Water\u2019s books, it was never accessible to the utility.<\/p>\n<p>The City of Johannesburg manages its finances through a centralised system, where revenue from its various entities flows into a single bank account. The city then allocates funds to each entity based on immediate needs.<\/p>\n<p>With Johannesburg Water reporting a R4 billion surplus, opposition parties had expected the money to be directed entirely to the utility for infrastructure improvements. Instead, the funds were used to cover financial gaps elsewhere in the city.<\/p>\n<p>Msizi Mavundla, an auditor at the Auditor-General of South Africa (AGSA), confirmed this to Parliament.<\/p>\n<p>&#8220;In the books of Johannesburg Water, there is an acknowledgement that there is R4 billion that it\u2019s owed by the city. The two entities acknowledge that one owes the other and one is being owed.&#8221;<\/p>\n<p>He said that Johannesburg Water had been struggling to pay its suppliers, possibly because the entity must first request funds from the city.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">South-Africa<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; South-Africa. National Treasury and the auditor-general have confirmed that Johannesburg Water\u2019s records show a R4 billion revenue surplus, but the money is not directly available to the entity. This clarification follows reports two months ago suggesting that R4 billion was &#8220;missing&#8221; from the entity\u2019s bank accounts. The city has since clarified that the [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":93237,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[275],"class_list":["post-93239","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-south-africa-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Johannesburg Water&#039;s R4 Billion Surplus Clarified - South Africa<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/johannesburg-waters-r4-billion-surplus-clarified\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Johannesburg Water&#039;s R4 Billion Surplus Clarified\" \/>\n<meta property=\"og:description\" content=\"Africa-Press &#8211; South-Africa. National Treasury and the auditor-general have confirmed that Johannesburg Water\u2019s records show a R4 billion revenue surplus, but the money is not directly available to the entity. This clarification follows reports two months ago suggesting that R4 billion was &#8220;missing&#8221; from the entity\u2019s bank accounts. The city has since clarified that the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/johannesburg-waters-r4-billion-surplus-clarified\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-20T17:34:29+00:00\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/johannesburg-waters-r4-billion-surplus-clarified#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/johannesburg-waters-r4-billion-surplus-clarified\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Johannesburg Water&#8217;s R4 Billion Surplus Clarified\",\"datePublished\":\"2025-11-20T17:34:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/johannesburg-waters-r4-billion-surplus-clarified\"},\"wordCount\":257,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/johannesburg-waters-r4-billion-surplus-clarified#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/11\/sm_1763648592.319758.jpg\",\"keywords\":[\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/johannesburg-waters-r4-billion-surplus-clarified#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/johannesburg-waters-r4-billion-surplus-clarified\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/johannesburg-waters-r4-billion-surplus-clarified\",\"name\":\"Johannesburg Water's R4 Billion Surplus Clarified - 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