The City of Tshwane has announced that the Democratic Alliance-led multi-party administration received an unqualified audit report from the Auditor-General within its first year in office for the financial year 2016/17.
Tshwane Executive Mayor Solly Msimanga says the city closed the financial year with an operating surplus of R704 million and managed to reduce the operating deficit from R2.1 billion to R1.3 billion.
He said stolen electricity and water as well as a decrease of 3% to 90% in payment for services is some of the challenges the city is addressing.
“The administration has to date, made great strides towards stabilising its finances. This was achieved by strengthening the controls over supply chain processes, slashing unauthorised and unnecessary expenditure, extricating the city from unlawful and expensive contracts like the PEU contract, which the AG flagged as one of the biggest items of irregular expenditure, which has now been addressed,” says Msimanga.
