What Happened
Delegates from the National Treasury, along with representatives from the Department of Cooperative Governance and Traditional Affairs (CoGTA), the Development Bank of Southern Africa (DBSA), and the Western Cape Provincial Treasury, conducted a two-day Mid-Year Budget and Performance Assessment in George on February 24 and 25, 2026. The sessions were held at the George Municipal Council Chambers and focused on key areas such as service delivery, financial health, governance, institutional arrangements, and budget preparation.
Why It Matters
This engagement is part of the National Treasury’s ongoing oversight and support initiative aimed at enhancing municipal operations and ensuring sustainable governance. Mr. Sifiso Mabaso, Director at National Treasury, emphasized the importance of cooperative governance during the visit. The discussions included strategic planning and site visits to infrastructure projects, highlighting the need for improved financial management and service delivery within municipalities.
What’s Next
In light of ongoing challenges in municipal financial management, the National Treasury is expected to continue its multi-pronged approach to stabilize and improve governance at the local level. This includes implementing performance-based grant reforms and targeted investments in revenue infrastructure, as outlined in the recent National Budget Review. The government aims to enhance municipal self-reliance and fiscal sustainability over the coming years.
