Cosatu impressed with Tshwane financials

2013-04-06 18:44
Pretoria (<a href=\\\\\\\\\\\\\\\\>Shuttertstock</a>)

Pretoria (Shuttertstock)

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Pretoria - The Congress of South African Trade Unions (Cosatu) on Saturday, said it was impressed with the City of Tshwane's healthy financial report.

"Cosatu in the North West province is impressed by the bold steps announced by the city...," said the union's provincial secretary Solly Phetoe.

"... If all the provinces and municipalities can take a cue from the good trend set by this city we will achieve a better life for all in a short period."

Tshwane mayor Kgosientso Ramokgopa on Thursday announced that the city's cash reserves were in good health.

"The cash position of the city has also continued to strengthen," he said in his state-of-the-city address.

"This is demonstrated by the phenomenal growth of the city's year-end cash closing balances, which has risen from R69 million in 2009 to a closing balance of R650m in 2012."

Ramokgopa attributed this to financial prudence and austerity measures.

He told the gathering the city planned on hiring more staff to help promote good governance.

"Moving forward, we undertake to comprehensively attend to all human capital needs by filling every single vacancy to further expand the implementation capacity of the city administration."

Read more on:    cosatu  |  kgosientso ramokgopa  |  local government

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