The City of Cape Town has received a clean audit from the Auditor General (AG) for the 2021/22 financial year. The City’s Annual Report was served before the Mayoral Committee on Thursday and will be on the Council agenda for 26 January 2023.
“Capetonians can feel confident that every cent of public money has gone towards service delivery and that good governance is a non-negotiable in this city. My thanks go to every official who takes pride in delivery to residents and does so with integrity and determination. Our work is about so much more than just clean audits—we must achieve actual outcomes for residents and cut red tape where necessary to get it done,” said Cape Town Mayor, Geordin Hill-Lewis.
“Rest assured that we’ll keep working for you as we deliver on our key priorities. That includes ending load-shedding over time; making Cape Town safer; cleaning up our waterways and public places; releasing more land for affordable housing; improving public transport; and most importantly, working every day for meaningful economic growth that helps more people into jobs and out of poverty over time.”
Cape Town has received unqualified audits every year since 2006. According to the Consulta Citizen Satisfaction Index, the city has also consistently been voted the most trusted metro in the country.
As per the AG’s 21/22 report:
“The audit report is unqualified and contains no issues for which management comments and corrective actions are required. In my opinion, the consolidated and separate financial statements present fairly, in all material respects, the financial position of the City of Cape Town.”
A number of indicators, including an unrivalled almost 97% collection rate on municipal payments, the ability to pay all suppliers within 30 days, and a competitive credit rating relative to the negative sovereign and municipal outlooks, highlight the City’s strong financial position.
“Our Finance Directorate worked extremely hard to achieve this outcome, in the face of increasingly complex regulatory and environmental challenges. Its impact is felt throughout the organization, and I would like to congratulate the Chief Financial Officer and his team for their efforts,” said the City’s Mayoral Committee Member for Finance, Councillor Siseko Mbandezi.