Delay to the availability of the Annual Financial Statements - BIJHB
Delay to the availability of the Annual Financial Statements - BIJHB
CITY OF JOHANNESBURG METROPOLITAN MUNICIPALITY
(a municipality as described in section 2 of the Local Government Municipal Systems Act,
2000, duly established in terms of Notice No. 6766, promulgated in the Provincial Gazette
Extraordinary of 1 October 2000 in terms of section 12(1) read with section 14(2) of the Local
Government : Municipal Structures Act, 1998, as amended)
Issuer Bond Code: BIJHB
PLANNED DELAY IN THE RELEASE OF FINANCIAL RESULTS FOR THE YEAR ENDED
30 June 2020
The Minister of Finance has issued an exemption in terms of section 171(1)(b) of the MFMA, “Gazette”
that extends Audited Financial Statements (AFS) submission and approval timelines by two (2) months.
The issuer wishes to advise that same exemption notice will be utilized, that is, the two-months
extension period afforded by the Ministerial Exemption. The City’s audited financial results for the year
ended 30 June 2020 (“annual results”) are expected to be released by no later than end of March 2021.
Johannesburg
08 September 2020
Debt Sponsor
Absa Bank Limited (acting through its Corporate and Investment banking division)
Date: 08-09-2020 08:03:00
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