Tshwane Mayor Nasiphi Moya Tables First Self-funded Budget Since 2022

Tshwane mayor Nasiphi Moya says the city's finances are on the mend.

This comes after she tabled the city's fully funded budget, hailing it as one of the key milestones achieved by her administration since coming into office 175 days ago. This is a first for the capital city in three years, with the last funded budget having been tabled in 2021/22.

Moya believes this is a key step towards securing the city's financial stability and ensuring consistent and reliable service delivery.

The multiparty coalition government tabled a credible, fully funded draft budget to council for public consultation in March this year. To tal grant allocations for 2025/26 amount to R7.4bn, comprising of R 5.5bn for operational grants, R2bn for capital infrastructure and R152m through the new urban development financing grant, she said.

The mayor revealed R2bn in capital grants and R430.5m in internally generated revenue and donations as the city's funding sources for the financial year.