JSE lifts suspension on City of Johannesburg debt instruments

Deputy Mayor Loyiso Masuku during the City of Johannesburg’s budget speech at the Connie Bapela Council Chamber on 27 May 2026 in Johannesburg. Picture: Gallo Images/Lubabalo Lesolle The Johannesburg Stock Exchange (JSE) has lifted its suspension on the City of Johannesburg’s listed debt instruments, restoring the municipality’s access to the local debt market after the temporary halt triggered by delays in submitting its audited financial statements. Andre Visser, director of issuer regulation at the JSE, confirmed the lifting of the suspension toThe Citizenon Monday, saying the suspension was lifted with immediate effect after the municipality complied with the bourse’s debt and specialist securities listings requirements.

This comes after the city’s debt securities were suspended on 27 March for failure to publish its audited annual financial statements for the year ended 30 June 2025 within the prescribed period. According to the JSE listings requirements, a listed company has up to three months to publish its preliminary or condensed financial results and up to four months to issue its full audited annual financial statements (AFS) and integrated annual report following its financial year-end. “The JSE announced on 27 March 2026 that the CoJ failed to comply with the JSE’s debt and specialist securities listings requirements by not publishing its audited annual financial statements for the year ended 30 June 2025 within the prescribed period,” said Visser.

“The JSE also advised that as a consequence, the listing of the issuer’s debt securities and the registration of the issuer’s placing document were suspended with immediate effect.” He added that the city subsequently published the audited annual financial statements on 28 May 2026, thereby bringing it into compliance with its reporting obligations in terms of the requirements. “As a result, the JSE lifted the suspension with immediate effect.” Loyiso Masuku, Joburg’s deputy mayor and member of the mayoral committee for finance, welcomed the news. “The lifting follows the city’s successful tabling of its annual report for the 2024/25 financial year, fulfilling a key regulatory requirement and restoring full compliance with JSE debt listing requirements,” she said in a media statement. Masuku said this is a step forward in restoring investor confidence and market credibility.