DA welcomes impressive City of Tshwane annual report
13 May 2020
The Democratic Alliance (DA) welcomes the impressive City of Tshwane’s 2018/19 annual report, which reflects the achievements of the DA-led administration during the past year.
The City has increased its accumulated surplus from R25.5 billion at the end of 2018 to R27.3 billion at the end of 2019, an increase of R2.8 billion over the previous year.
This speaks to the strict financial management that was implemented and the cost savings that were achieved during this period.
The City also achieved an investment notch upgrade from A1.za to Aa2.za, a two notch upgrade which reflected the city’s improved liquidity position over the year.