Consolidated Annual Report 2024/2025
The City received a qualified audit opinion during 2023/2024 fiscal year. We could have obtained a better audit opinion if we had mastered dealing with concerns such as overtime, to name a few. The adherence to Recognised Accounting Practice (GRAP), has aided in the eradication of some of the previous fiscal year’s errors.
As the city, our current financial recovery trajectory is unquestionably positive, with undeniable proof of overcoming earlier conflicts between the political and administrative interphases as well as instability. Mangaung residents have recently witnessed the regular meetings of the municipal council and its committees. Historic volatility harmed not only effective service delivery, but also local economic development and growth. In improving effective oversight, we aligned the annual work plans of our municipal public account committee (MPAC) with the framework designed by the National Treasury and COGTA which provides normative guidelines for the MPACs. This Annual Report is compiled in the year which 2025 marks a pivotal moment for South Africa, and Africa in particular, in terms of international diplomatic relations. Our country is the first African state to host the G20 Presidency. Moreover, Our City is one of the city which held G20 Cultural Diplomacy Roadshow for 2 days. This does not only allow us space to advocate the interest of Africans on the global stage but to improve good governance as we can offer other states what we do not have and this binds all the spheres of government in South Africa.
Our success in the stabilisation of governance positioned us for financial recovery and attraction of potential investors in the local economy. Subsequently, we managed to host a successful economic investment summit in February 2025 to attract many investors to our city.