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Enoch Godongwana

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Situations

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South Africa municipal debt crisis: freeze, unfreeze

11 clusters · 28 sources · last updated

Latest: South Africa's National Treasury to unfreeze funds for compliant municipalities

The crisis, first flagged in May 2026 when the finance minister warned that Johannesburg was effectively bankrupt with over R25 billion in liabilities, has escalated. By July 19 Parliament mounted a marathon session of f

[ACTIVE] [BUSINESS] [ZA]

South Africa PIC governance crisis

2 clusters · 5 sources · last updated

Latest: Public Investment Corporation crisis escalates as CEO suspended and board quits

In mid‑July 2026, the board of South Africa’s Public Investment Corporation (PIC) placed CEO Patrick Dlamini on precautionary suspension after a whistle‑blower report alleged governance failures and irregularities linked