Newsletter 92- Metropolitan municipalities’ closing balances-8 October 2010
The October issue of Fast Facts for Local Government (F3LG) gives an analysis of the six metropolitan municipalities’ 2008/09 financial position. This week’s newsletter will give the metro’s end-of-year balances, and whether they were in deficit or surplus.
In 2008/09 the City of Cape Town had an income of R14 billion and expenditure of R13 billion. They ended their financial year with a surplus.
The City of Johannesburg had an income of R19 billion. Their expenditure was R18 billion, which left them with a surplus.
The City of Ekurhuleni (East Rand) had an income of R13 billion and expenditure amounting to R12 billion and ended the year with a surplus.
eThekwini Metropolitan municipality ( Durban) had an income of R14 billion and expenditure of R15 billion, which left them with a deficit.
Nelson Mandela Bay Metropolitan municipality (Port Elizabeth) had an income of R5 billion and expenditure of R4 billion. They ended the financial year in surplus.
The City of Tshwane (Pretoria) had an income of R12 billion while expenditure amounted to R11, leaving the metro with a surplus.
The only metro that had a deficit in the 2008/09 financial year was eThekwini. All the other five metros had a surplus.
-Nachi Majoe
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nmajoe
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last modified
2010-10-08 11:57
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