PORT ELIZABETH - The City of Johannesburg saved more than R400 million in unaudited savings through austerity measures, executive mayor Herman Mashaba said on Friday.
The city has consistently over the past three financial years made huge savings in non-essential areas such as self-promoting advertising, international travel, marketing and fees for consultants and professional services, according to figures released by the city. The biggest savings have been on advertising.
The mayor said the savings will be redirected to enhancing critical service delivery areas such as fixing potholes, maintenance of traffic lights and upgrading informal settlements.
"The savings achieved during the 2017/18 financial year will be redirected into bringing Diphetogo [real change] to our communities by enhancing critical service delivery areas," Mashaba said in the statement.
On Wednesday Moody's rating services changed the outlook for the City of Johannesburg to negative from stable.