allAfrica
[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 warned that the CoJ is in a financial crisis and should not go ahead with the R10 billion wage deal struck with the labour union, Samwu. Godongwana refers to the two-year wage agreement as "a financial obligation that is not possible to fulfil".