EMLM in better financial state – Mayor Mathebe

MONSTERLUS – Elias Motsoaledi Local Municipality (EMLM) Mayor, Julia Mathebe, announced that over the term of office, the local municipality kept its word in making bold pronouncements and commitments aligned to identify priorities.

Mathebe said the local municipality worked hard to improve and strengthen its finances that are currently in a better shape.

The mayor pronounced during the EMLM State of the Municipal Address (SOMA) at Hlogotlou Stadium in Monsterlus outside Groblersdal on Tuesday.

Mathebe said the local municipality built a solid foundation for financial sustainability and worked hard to increase investments in infrastructure, aimed at improving the quality of life of people in communities.

“Elias Motsoaledi Local Municipality has proved that dedication and hard work pays, this is after the auditor general gave the municipality an unqualified audit opinion for the 2017/2018 financial year. The municipality was honoured with an award from South African Local Government Association (SALGA) in Limpopo,” said Mathebe.

On the status quo of the investment made by the local municipality with the VBS Mutual bank, the mayor said the: “The municipality had previously invested the total amount of R190 million with VBS bank between 2016/2017 and 2017/2018 financial year. The entire capital amount R190 million that was invested was withdrawn. The total interest received by the municipality from VBS is R2, 559, 00. Only an amount of R48, 247 relating to interest was not received and that amount is also disclosed under note 10 of the 2017/2018 annual financial statements.”

Mathebe further said the EMLM committed R9,5 million for electrification projects in various communities like Masakaneng village phase three of 221 households, 279 in Makaepea village phase three, 283 in Tambo village phase three.

She said EMLM managed to increase its revenue base by acquiring the electricity distribution license at Game Farm, Twin City Mall, Masakaneng and Mapoch Ground.

“The municipality is planning to upgrade the current Groblersdal substation from 20MVA to 40MVA as it will reach its full capacity and will have a positive economic spin,” said Mathebe.

Mathebe said the total revenue budget amounted to R500 million and operating expenditure budget amounted to R482 million, resulting with the operating surplus of R18 million.

She announced the total operating budget and capital budget on the other hand represented 17 percent of the total expenditure budget.

“The 2019/2020 budget is 11 percent more than the 2018/2019 expenditure budget. An increase is mainly due to increase in DoRA allocation in 2019/2010 financial year and the CPI tariff for electricity as recommended by NERSA,” added Mathebe.  

Thapelo Motseo

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