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Building Resilience

HOLDING COMPANY

MAKING LOCAL GOVERNMENTS RESILIENT FOR THE FUTURE

The COVID-19 pandemic has exacerbated the funding shortfalls faced by local governments, with most of them now facing serious financial deficits in the next financial year. Apart from having to drive the post-lockdown recovery of their local economies and town centres, protect the long-term future of the communities they serve and support the transformation of front-line services, these local authorities now also have to source and secure funding in order to continue their operations.

T

o meet their objectives, local governments must adopt new and innovative methods as part of their long-term, transformative resilience planning. The creation of Public-Private Partnerships (PPPs) has become vital to ensure the survival, growth and future success when it comes to financing, building and maintaining new projects or assets that should comply with Government’s Immovable Asset Management Act (GIAMA) and the Public Finance Management Act (PFMA). The AFMS Group is well-acquainted with the PPP space through the specialist services delivered by our various subsidiaries. Afroteq Advisory

turning ailing administrations around offers multi-disciplinary, integrated by curtailing fruitless expenditure, advisory and training services to unlocking significant savings with the built environment, while FM informed procurement decisions and Solutions has a wealth of experience addressing a myriad in managing many large “We have of historical problems government departments, unparalleled and failures created by parastatals and private experience predecessors. contracts across various Building on this rich industries. in turning history and track record Over the last 20 years, ailing of successes, we have we have frequently been administrations developed a resilience called upon to conduct around.” framework that assists condition audits, provide local government organisations with maintenance solutions and introduce their short, medium and long-term SMME development initiatives. challenges in order to deliver on the Thanks to the expertise of our diverse, promises and expectations of the multi-disciplinary team of experts, communities they serve. we offer unparalleled experience in

Our resilience framewOrk

Being resilient requires long-term thinking that ensures improved capability when dealing with future challenges. This is expected to be more difficult than ever before as local governments respond

to the aftermath of COVID-19. Our multidisciplinary team of experts can help local governments in the following ways: • Prioritising immediate management risks • Developing and

reviewing financial and organisational resilience to ease cash flow impacts • Planning and establishing longterm priorities and programmes, focussed on portfolio-

wide savings and net value creation • Identifying and articulating the impacts of necessary service reforms • Embedding investment strategies and tactical solutions

to unlock income streams from these reforms • Harnessing existing assets as a mechanism to drive new revenue and stimulate local economic recovery

Profile for kwedamedia

Municipal Focus Volume 52  

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