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Rustenburg Local Municipal budget for 2013/14

On 28 May 2013 the Rustenburg Local Municipality passed its 2013/ 14 budget and Tariffs at the Rustenburg Civic Centre.   Various topics of the Municipality’s budget were discussed in great detail.  The total anticipated revenue for the next three financial years (MTREF) is R 8.727 billion.

The upgrading of infrastructure to curb water losses, electricity losses, extension of provision of free basic service, local economic development, tourism, social development and community projects, sewerage reticulation, roads and stormwater, waste management and the development planning  are only a few of the subjects that was covered.

The strategy and budget outlay for the water and electricity framework and maintenance was very extensive as this was one of the biggest issues that Rustenburg faced recently.  “The distribution losses for water and electricity remain a source of great concern in respect of our revenue streams.  Our financial indicators currently indicate that our distribution losses for water have decreased from 39% to about 24%.  A lot more will be done in the MTREF period to reduce our water losses to more acceptable levels.”

“We are also pleased that our budget pays special attention to so some of the key tenets of the National Development Plan such as: Job creation, Expansion of infrastructure and Transformation of urban and rural spaces.”

“To all our partners, community based organizations, join us on this exciting journey of transforming Rustenburg into a World Class City.   In conclusion, I would like to acknowledge monumental effort by our administration led by the Municipal Manager and Chief Financial Officer, Councillors, Community Based Organisations and our residents in ensuring that the 2013/14 – 2015/16 Multi-Year Budget becomes a reality.”

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