This is an extract from the DA News Letter.
Top Story: National Treasury praises DA run City of Cape Town
A recent report by the National Treasury, confirmed that the City of Cape Town attained its sixth successive unqualified audit. Tim Harris MP, DA Member of the National Council of Provinces (NCOP) said that the report showed how well the City of Cape Town was doing, in terms of its quality service delivery, sound financial planning and good governance.
The National Treasury’s mid year budget and performance assessment praised the City’s “robust financial systems” and welcomed the “good planning and adequate capacity to spend by the City”, said Harris.
The report also welcomed the creation of 10,000 permanent jobs (and 16 300 temporary jobs), in spite of the economic recession. Statistics South Africa recently indicated that between the last quarter of 2009 and the first quarter of 2010, the unemployment rate in the DA-governed Western Cape had fallen by more than 1%. No doubt, the City of Cape Town’s strong job creation record played a large part in this, said Harris.
Global Credit Rating (GCR) also awarded the City of Cape Town, one of the highest possible long term debt ratings of AA- this year. This was the highest credit rating that was achieved in the municipalities reviewed by GCR, and placed the City of Cape Town ahead of Buffalo City, the City of Johannesburg, the City of Tshwane, Nelson Mandela Bay and a host of other ANC run metros, stated Harris.
Harris welcomed the findings and said that the Treasury’s report stood out as testament to the DA’s excellent track record in government and the City’s financial planning capabilities and service delivery standards, serving as further proof that the DA was now both a party of government and the only other meaningful alternative to the ANC which continued to deliver on its promises to voters.
The fact that the ANC Youth League have to resort to breaking down toilets should tell us something about this scenario.
Butch Hannan
Top Story: National Treasury praises DA run City of Cape Town
A recent report by the National Treasury, confirmed that the City of Cape Town attained its sixth successive unqualified audit. Tim Harris MP, DA Member of the National Council of Provinces (NCOP) said that the report showed how well the City of Cape Town was doing, in terms of its quality service delivery, sound financial planning and good governance.
The National Treasury’s mid year budget and performance assessment praised the City’s “robust financial systems” and welcomed the “good planning and adequate capacity to spend by the City”, said Harris.
The report also welcomed the creation of 10,000 permanent jobs (and 16 300 temporary jobs), in spite of the economic recession. Statistics South Africa recently indicated that between the last quarter of 2009 and the first quarter of 2010, the unemployment rate in the DA-governed Western Cape had fallen by more than 1%. No doubt, the City of Cape Town’s strong job creation record played a large part in this, said Harris.
Global Credit Rating (GCR) also awarded the City of Cape Town, one of the highest possible long term debt ratings of AA- this year. This was the highest credit rating that was achieved in the municipalities reviewed by GCR, and placed the City of Cape Town ahead of Buffalo City, the City of Johannesburg, the City of Tshwane, Nelson Mandela Bay and a host of other ANC run metros, stated Harris.
Harris welcomed the findings and said that the Treasury’s report stood out as testament to the DA’s excellent track record in government and the City’s financial planning capabilities and service delivery standards, serving as further proof that the DA was now both a party of government and the only other meaningful alternative to the ANC which continued to deliver on its promises to voters.
The fact that the ANC Youth League have to resort to breaking down toilets should tell us something about this scenario.
Butch Hannan
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