Joburg deputy mayor says the country’s economic hub has not collapsed [SOUND]

# City of Johannesburg deputy mayor and mayoral committee member for Finance, Loyiso Masuku, says while the metro’s finances are under immense strain, it has not collapsed. She tabled a 971-billion-rand budget for the 2026/2027 financial year. The budget includes steep tariff hikes with water prices rising by 12.5-percent, electricity by 8.63-percent and sanitation by 6.2-percent. Masuku says they must fund what is urgent, protect what is essential, leverage what is possible, and partner where resources fall short: