Nel­son Man­dela Bay mu­nic­i­pal­ity is in good shape

The Star Early Edition - - BUSINESS REPORT - ANA

NEL­SON Man­dela Bay mu­nic­i­pal­ity’s fi­nan­cial po­si­tion is now the most sta­ble it has been in al­most a decade, the city said yes­ter­day. The new coali­tion gov­ern­ment in Nel­son Man­dela Bay had recorded cap­i­tal spend­ing of 93 per­cent in the 2016/17 fi­nan­cial year – the high­est spend since be­fore the 2010 Soc­cer World Cup.

“Paired with a col­lec­tion rate of 93.7 per­cent, the mu­nic­i­pal­ity’s fi­nan­cial po­si­tion is now the most sta­ble it’s been in al­most a decade. In­fra­struc­ture-led growth is cru­cial to en­sure that Nel­son Man­dela Bay is a well run city. By spend­ing our cap­i­tal bud­get, the mu­nic­i­pal­ity is work­ing to ad­vance com­mu­ni­ties and drive eco­nomic growth through de­vel­op­ment,” the city said.

Bench­mark

The fi­nal quar­ter of the 2016/17 fi­nan­cial year saw tens of kilo­me­tres of road tarred, pave­ments re­paired, paint­ing of new road mark­ings, the re­ha­bil­i­ta­tion of parks, and clean-ups of pub­lic open spa­ces. “This sets an im­por­tant bench­mark for sub­se­quent years, as this gov­ern­ment works to en­sure that the mu­nic­i­pal­ity keeps mov­ing for­ward, spend­ing money on our peo­ple through ba­sic ser­vice de­liv­ery and eco­nomic growth,” the city said.

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