The City of Cape Town received its 13th consecutive unqualified audit opinion and 4th consecutive clean audit opinion from the Auditor-General of South Africa.
Despite the tough economic situation in the country, residents of Cape Town and investors can be encouraged that the City continues to illustrate its commitment to good governance and prudent financial management.
‘A well-administered, financially stable city provides the perfect environment for investment, which brings with it business, money and jobs. It is also needed to maintain social stability and to deliver on the service delivery contract that we have with our residents and ratepayers in general.
‘The culture of an organisation determines its financial management ethos. At all levels of our organisation, we have tried to instil a culture of sound financial management, prudent financial choices, efficiency, accountability and respect for our ratepayers and residents by ensuring that we spend public money to the best of our ability.
‘Where there are challenges in the complicated sphere of local government finances, we try hard to educate and re-train members of staff and to drive accountability. This is also in accordance with our new Organisational Development and Transformation Plan,’ said the City’s Mayoral Committee Member for Finance, Councillor Johan van der Merwe.