Cape Town has achieved a Clean Audit for the 2022/23 fiscal year, showcasing its exceptional management of public resources and commitment to service provision under Mayor Geordin Hill-Lewis. The city’s dedication to utilizing public funds correctly symbolizes its commitment to fighting poverty and generating job opportunities. Cape Town’s financial success has resulted in property investments exceeding R3.5 billion and surpassing FIFA World Cup spending with R6.94 billion in infrastructure investment. The city’s accomplishments in urban governance, service delivery, safety technology and infrastructure have reinforced its status as a global standard for cities.
Cape Town’s Triumph: A Clean Audit for Fiscal Year 2022/23
Under the guidance of Mayor Geordin Hill-Lewis, Cape Town has received a Clean Audit opinion from the Auditor General for the 2022/23 fiscal year, highlighting its exceptional management of public resources and dedication to service provision. The city’s commitment to ensuring public funds are used appropriately further signifies its dedication to alleviating poverty and generating job opportunities.
In the story of urban governance, Cape Town has once again inscribed its name in the annals of success. Under the guidance of Mayor Geordin Hill-Lewis, the city has garnered a Clean Audit opinion from the Auditor General for the 2022/23 fiscal year, highlighting its exceptional management of public resources and dedication to service provision.
Commitment to Good Governance and Job Creation
This laudable accomplishment reaches beyond mere symbolic acknowledgment. It embodies a culture of thorough governance and accurate record-keeping. Cape Town’s commitment to ensuring public funds are used appropriately further signifies its dedication to alleviating poverty and generating job opportunities.
Much like an artist requires a spectrum of lively hues to craft an artwork, a city requires a solid financial foundation to prosper. Cape Town’s outstanding governance has invited property investments exceeding R3.5 billion in 2022/23, strengthening the city’s revenue foundation and resilience. Moreover, record-breaking R6.94 billion infrastructure investment in the same period, surpassing even FIFA World Cup spending, was made feasible by regular cash inflow and timely supplier invoice payment.
Achieving Sustainability and Strong Credit Ratings
The city’s financial feats resemble a finely crafted impressionist artwork, with individual efforts merging harmoniously to create a comprehensive and pleasing entity. Cape Town has been recognized as South Africa’s most sustainable city as per the 22/23 Municipal Financial Sustainability Index and tops the Knights Sustainable Cities Index. In 2023, Ratings Afrika distinguished Cape Town as South Africa’s premier municipality, while credit rating firms like Moody’s allocated a robust credit rating to Cape Town, representing a beacon of security amid a volatile national scenario.
These milestones are not products of isolated actions but a collaborative commitment of officials throughout Cape Town, committed to serving Capetonians with dignity and honesty. Councillor Siseko Mbandezi, Mayoral Committee Member for Finance, expresses his gratitude to Team Cape Town, further reinforcing the city’s commitment to legal expenditure and service delivery.
Urban Governance and Service Delivery
A city represents more than an administrative entity; it is a dynamic organism with diverse needs. Cape Town’s 2022/23 Annual Report reveals its successful response to these needs by providing a variety of services that have greatly enhanced the residents’ quality of life.
The city’s achievements range from creating over 205,000 jobs to doubling sewer pipe replacement, and enhancing access to water, sanitation, and electricity. Counted among these accomplishments is Cape Town’s effort to decrease load-shedding levels by 14%, with a plan to thwart the first four stages of Eskom load-shedding by 2025/26.
Advancements in Safety Technology and Infrastructure
In the field of safety technology, Cape Town spearheads South Africa’s most comprehensive body and dashcam rollout, supplemented by an expanding CCTV network and drone flights integrated into targeted policing operations. Nearly 7,000 drug raids were conducted by city enforcement agencies, resulting in a significant quantity of arrests.
In enhancing its business climate, the city has introduced a new Ease of Doing Business Index, a vital tool for enticing further investment into Cape Town’s economy. Public transportation has also seen vast improvements with over 18.3 million passenger trips made via MyCiti.
Infrastructure projects were not left behind, with energy-saving LED lights installed on traffic lights and 209km of roads rehabilitated. Safe Space transitional shelter facilities are being expanded, while over 1,300 social housing units have reached critical land release milestones, contributing to the city’s initiative to transform tenants into homeowners.
Conclusively, Cape Town’s 2022/23 fiscal year represents more than a report of numbers and investments. It stands as a testament to the potential of sound governance and dedicated public service. The year offers a masterclass in urban administration where fiscal responsibility, environmental sustainability, social welfare, and infrastructural development resonate in a harmonious symphony of progress. This year, Cape Town has further fortified its status as a standard for global cities, not only within South Africa but worldwide.
What is a Clean Audit opinion?
A Clean Audit opinion is the highest level of assurance that can be given to an entity’s financial statements. It means that the auditor has found no material misstatements in the financial statements and that the entity has complied with all relevant laws and regulations.
What does the Clean Audit for Cape Town mean?
The Clean Audit opinion for Cape Town signifies exceptional management of public resources and dedication to service provision under Mayor Geordin Hill-Lewis. The city’s commitment to utilizing public funds correctly symbolizes its commitment to fighting poverty and generating job opportunities.
What are some of Cape Town’s financial accomplishments?
Cape Town’s outstanding governance has invited property investments exceeding R3.5 billion in 2022/23, strengthening the city’s revenue foundation and resilience. Moreover, record-breaking R6.94 billion infrastructure investment in the same period, surpassing even FIFA World Cup spending, was made feasible by regular cash inflow and timely supplier invoice payment.
How has Cape Town achieved sustainability and strong credit ratings?
Cape Town has been recognized as South Africa’s most sustainable city as per the 22/23 Municipal Financial Sustainability Index and tops the Knights Sustainable Cities Index. In 2023, Ratings Afrika distinguished Cape Town as South Africa’s premier municipality, while credit rating firms like Moody’s allocated a robust credit rating to Cape Town, representing a beacon of security amid a volatile national scenario.
What services has Cape Town provided to enhance the residents’ quality of life?
Cape Town’s achievements range from creating over 205,000 jobs to doubling sewer pipe replacement, and enhancing access to water, sanitation, and electricity. Counted among these accomplishments is Cape Town’s effort to decrease load-shedding levels by 14%, with a plan to thwart the first four stages of Eskom load-shedding by 2025/26.
What advancements has Cape Town made in safety technology and infrastructure?
In the field of safety technology, Cape Town spearheads South Africa’s most comprehensive body and dashcam rollout, supplemented by an expanding CCTV network and drone flights integrated into targeted policing operations. Nearly 7,000 drug raids were conducted by city enforcement agencies, resulting in a significant quantity of arrests. Infrastructure projects were not left behind, with energy-saving LED lights installed on traffic lights and 209km of roads rehabilitated.
