South Africa Treasury Threatens to Cut Johannesburg Funding

South African Finance Minister Enoch Godongwana told Johannesburg Mayor Dada Morero that state funding to the city will be halted unless a 10.3 billion-rand ($629-million) wage agreement is scrapped.

The two-year pact with the South African Municipal Workers Union was signed illegally, Godongwana said in a letter dated April 23 seen by Bloomberg. The minister confirmed sending the letter when contacted by text message.