The City of Johannesburg (CoJ), through the Joburg Property Company (JPC), wishes to correct misleading public narratives regarding the closure of the Metro Centre and the temporary leasing of office accommodation in Newtown.

Recent reports suggesting that the City has incurred “billions in losses” are inaccurate and do not reflect the factual position, the regulatory context, or the responsible decisions taken to safeguard employees, residents, and public resources.