CoJ’s financial rating improves – Mayor

The City of Johannesburg (CoJ) is getting a clean audit from international auditing firms.

This is according to the CoJ’s mayor, Clr Parks Tau, during the State of the City Address last week.

“The CoJ received an unqualified audit opinion for 2013/14 and four municipal entities also received a clean audit opinion; the Joburg Market, Joburg Roads Agency, Joburg Theatre and JOSHCO,” he said.

Clr Tau said the CoJ is reinvesting in infrastructure to improve standards and to reduce maintenance backlogs.

“The CoJ achieved a 96 percent capital expenditure last financial year, an actual expenditure of R7.3-billion. This is a reassuring scale-up of our capital management programme, considering the cap-ex spend increased by 70 percent. In the current financial year, we have increased the capital budget to over R10-billion,” he said.

According to Clr Tau. the CoJ will continuously improve service.

“But developmental urban government must do more than competently provide services. We must innovate in order to transform the conditions we govern, to ensure that tomorrow will be better than today,” said Clr Tau.

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