City of Tshwane's financial performance decreased over last 5 years - Treasury

JOHANNESBURG - The City of Tshwane is once again in the spotlight, as the National Treasury says its financial performance has decreased over the last five financial years.

On Wednesday, representatives from Treasury presented a report to the metro’s officials.
 
This is part of Parliament’s portfolio committee on cooperative governance’s oversight visit to the city, to assess the state of governance.

The Treasury presented a report showing the City of Tshwane's financial performance began to deteriorate in the 2019/20 financial year. 
 
Contributing factors to this decline include unfunded budgets, as well as rising irregular and wasteful expenditure. 
 
It was only in the 2023/24 financial period, which ended in June this year, that slight improvements in the city's financial performance were noted.
 
Tshwane's city manager, Johann Mettler, said the metro had put systems in place to enhance its financial performance moving forward.
 
"In terms of revenue collection, we have significantly improved from where we were a year ago. We are currently at around 94% for the period ending 31 October so that improvement of budgeted rate is at 94%. So, we still have got some work to do to get to our budgeted amounts in terms of revenue collection."
 
Performance indicators used to measure Tshwane’s performance include its revenue collection rate, capital expenditure, and net debtors among other factors.