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City's budget performance exceeds expectations – report
Cape Argus
|January 21, 2026
CAPE
THE report was tabled by Mayor Geordin Hill-Lewis.
(Independent Newspapers Archive)
Town had nearly R12 billion in the bank at the end of November last year, putting the metro in a strong financial position midway through the 2025/26 financial year.According to the City of Cape Town's Financial Monitoring Report for November 2025, cash and cash equivalents stood at about R11.8bn in the bank at month-end.
The report was tabled to Mayor Geordin Hill-Lewis and the mayoral committee for noting yesterday. The report is compiled every month in terms of the Municipal Finance Management Act. It tracks how the City is performing against its budget and flags areas where corrective action may be needed.
One of the key measures in the report, seen by the
Diese Geschichte stammt aus der January 21, 2026-Ausgabe von Cape Argus.
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