The City of Tshwane Executive Mayor, Cilliers Brink says the city plans on disposing more than R100 million worth of its assets including the Wonderboom Airport as it battles to keep its finances afloat.
Brink and MMC for finance Peter Sutton briefed the media on the municipality’s finances at its headquarters in Tshwane on Monday.
Brink said in their discussion on the assets that can be sold as part of their plans to beef up the City’s coffers, the administration has taken a very conservative approach and that estimate came to just over R100 million.
“But I am convinced that there is far more to be realised than that in terms of unutilised or underutilised city assets, which would be a very conservative estimate.
“Land that is not secured, buildings not being maintained, buildings not necessary for service delivery in fact there is an entire portfolio of assets which have already been decided as not being required for service delivery and are described as investment assets.
“The thinking in the past was to try and benefit directly by developing these investment assets. As I mentioned, we don’t have the capacity, we don’t have the expertise, we don’t have the ability to secure them against land invaders and vandals and all sorts of conditions that are a reality of our daily life,” said the mayor.
The city said municipal employees and councillors will also not get any salary increases in the next financial year.
The municipality failed to pass the adjustment budget last week and has requested the provincial government to give them until the end of the month to do so.
