Inner City Gazette

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Metropolitan College Private School GDE 134007 Tel : 011 402 - 9502 Grade 1 - 12 31 January - 7 February 2013

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City’s R5 billion net surplus ‘We redesigned institutional arrangements to meet demands of a growing city’ Staff Reporter news@inner-city-gazette.co.za

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Joburg Finance MMC Geoffrey Makhubo Pic : Enoch Lehung

elivering the City’s Annual Report for 2011/12 financial year on Wednesday Finance MMC Geoffrey Makhubo said Johannesburg has made achievements on its financial position and service delivery, and continues to build on a solid foundation. “The City’s finances are stable, our capital expenditure was at 89% and it is improving and we have R5 billion net surplus,” he said. Makhubo added that rating agencies, Fitch and Moody’s retained their rating of Johannesburg during the year under review. “It was a year of achievements for Johannesburg, despite the impact of the global financial downturn. This financial downturn also affected Johannesburg customers’ ability to pay their bills.” Makhubo explained some of the achievements made. “Following an

extensive engagement with experts, academics and communities across the city, we launched the Growth and Development Strategy (Joburg 2040) in October 2011. Simultaneously the City embarked on a comprehensive redesign of its institutional arrangements to meet the demands of a modern and growing city, and to ensure the seamless implementation of the Joburg 2040. During the first 90 days of the new term we launched an accelerated service delivery programme to address particular challenges. The short time-frames instilled a sense of urgency in the organisation to achieve the desired outcomes within a brief period.” He added that there was also the upgrading of over nine kilometres of water and sewer networks in Fourways, Orange Farm and Alexandra; repairing over 6 000 water meters; maintaining 96% of public lighting; patching more than 18 000 potholes; cleaning more than

100km of storm water pipes; and conducting cleaning and repairs at Dube, Diepkloof and Meadowlands hostels in Soweto. “Under the positives, we are happy that most of the 2010/11 findings have been resolved. The 2011/12 findings relate to billing estimates and fixed assets. We will focus on ensuring that the city addresses these issues,” said Makhubo. He reiterated that the city is committed to a clean audit and to achieve the goals of Local Government Turnaround Strategy. “We call on residents and stakeholders of the City of Johannesburg to engage with the Annual Report and provide feedback through the existing channels. “There is a growing number of opportunities available to communities for them to engage with the City through ward committees, initiatives taken by the Office of the Speaker and the annual Budget and IDP processes,” Makhubo added.


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