08/04/2026
ICYMI - City moves to lift JSE bond suspension as audit nears completion
The City has moved to reassure residents and investors following the procedural suspension of its listed debt securities by the Johannesburg Stock Exchange (JSE), confirming that the matter relates to reporting timelines rather than financial stability.
The suspension, which arose from the delayed submission of audited financial statements, is being addressed as a matter of urgency. The audit process is now at an advanced stage, with finalisation imminent.
Work is being concluded in collaboration with the Auditor-General of South Africa, in line with established audit protocols. Both parties are working closely to complete the process within the current reporting cycle.
The City has stressed that it remains financially sound and fully operational. All debt servicing commitments continue to be met without interruption, and there has been no impact on service delivery.
Officials are also engaging constructively with the JSE and relevant regulatory bodies, with confidence that the suspension will be lifted once compliance requirements are met.
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