More than a retail tale

The City of Johannesburg is earning a reputation as a well-informed municipality when it comes to risk management. Ryan Davidson talks to its head of treasury, William Mathamela, about funding and its thinking on hedging

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Preparations for the 2010 Fifa World Cup are in full swing across large cities in the host nation, South Africa. Johannesburg, the nation's most populous city, is no exception. Besides the modernisation of two major stadiums for use in the football competition, the City of Johannesburg - the metropolitan municipality responsible for the provision of a variety of basic services - is working hard to ensure that the infrastructure it is responsible for, such as sewerage, water, transportation and

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