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City of Tshwane surpasses revenue target, collecting R40.5bn
The Star
|July 07, 2025
THE City of Tshwane has achieved a major milestone, collecting R40.5 billion in cash revenue for the 2024/25 financial year ~ an impressive 98% of its R41.3bn target.
Deputy Executive Mayor and MMC for Finance, Eugene Modise, hailed the achievement as a testament to the city’s commitment to financial sustainability, responsible governance, and enhanced service delivery.
According to him, June was a record-breaking month for Tshwane, with revenue collections exceeding the target by 106%.
He said the city collected R3.671bn, surpassing the R3.465bn target by R205 million. This surplus, he said, reduced the annual shortfall from R989m to R784m, bolstering the city’s financial prospects.
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