MyZA

News, Directory, Events and Other Stuff

You are here: Home / News / Millionaires calling it quits in South Africa’s richest city | SA News

Millionaires calling it quits in South Africa’s richest city | SA News

Malcolm Libera
 ·13 May 2026

Add Google Preferred Source

Follow on Google News

City of Johannesburg’s worsening financial position is posing a major risk to property sentiment and values in the city, which is already seeing an outflow of millionaires due to governance concerns. 

Last week, Finance Minister Enoch Godongwana noted that the city is technically bankrupt, with the minister threatening to withdraw billions of rands in funding if it does not scrap an unaffordable wage bill. 

Godongwana revealed that the City of Johannesburg currently…

Media Appeals Tribunal: Proposed in 2011, it aimed to regulate the media but
faced significant opposition and was never implemented.

Read More at the Source

Category: Tag: , ,

If you feel strongly about this article then feel free to send MyZA a ‘Letter to the Editor’ using the submission form below:

Letter to the Editor

This field is for validation purposes and should be left unchanged.
If this is in response to an article please include that article title here or as the lead in for the first paragraph of your Letter below.

Separate tags with commas

Localise your letter by naming the city your words are about. Add relevant words describing your subject. Single comma separated words of no more than 5
Your Name(Required)
Your Name will be linked to the website below.
Your personal, business or social media web site
Choose NO to not set up a user account on MyZA. User Accounts will allow you to submit letters under your own Author Name

3 Latest Letters to the Editor:

  • Thoughts on Lotto Winner News

    Dear Editor This is fantastic news for the community of Gqeberha. It is always heartwarming to hear about such life-changing positive outcomes for everyday people. Congratulations to the lucky winner! Regards Buhle Ngcobo In Response to/From: R8.5 Million Lotto Winner Claims Prize in Gqeberha

  • Inquiry Regarding SASSA Card Replacement

    Dear Editor I am a social grant recipient and need guidance on swapping my SASSA Gold Card for the Postbank Black Card. Please assist. Regards Buhle Ngcobo In Response to/From: Minister Tolashe assures smooth transition to Postbank Black Cards for grant beneficiaries Swapping your SASSA Gold Card for the new Postbank Black Card is a…

  • Congratulations to the Lotto Winner

    Dear Editor Dear Editor, I was thrilled to hear about the R8.5 million Lotto win for the community of Gqeberha. Such life-changing news brings hope and excitement to everyone in the area. I congratulate the winner and wish them all the best with their prize. May this bring positive change to their life and the…

Reader Interactions

Comments

  2. Interview with a pirate:

    There was a pirate who had agreed to do an interview with a local tv station. The reporter was very courteous and professional, giving a bit of background as to the pirate\’s business. She then began interviewing him.

    \”So Mr. Longbeard, are there any risks to your business? I see you have a peg leg- how did that come about?\”

    \”Well, y\’see I were sailing along the coast of South Africa, looking to plunder some locals when as I boarded the small boat from the ship, a great white shark came up and got my leg clean off. \’twas scary yes, but thus is the life of a pirate.\”

    \”Wow, that is pretty scary- well, how about your hook? What happened to your hand with that?\”

    \”Oh now that\’s quite the tale, y\’see I were fighting a rival pirate, and we had locked swords. We had been fighting for a few hours, and were both terribly fatigued. I had a bit of exhaustion and confusion, and when I went to block one of his sword blows, I met him with me hand instead of me sword. Took it right off, but it shocked him so much I managed to get him back pretty good and have him submit. So the hook hand was given as a replacement.\”

    \”Wow. Simply fascinating. Now, what about your eye patch? How did that happen?\”

    \”Well, one day, a seagull was flying overhead, and I looked up. It pooped right in me eye.\”

    \”… Well wow. I must admit, I wouldn\’t think just seagull poop could damage the eye that badly.\”

    \”Oh, I forgot to mention… it were me first day with the hook.\”