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CTMM - Update to availability of the Annual Financial Statements for the year ended 30 June 2019
THE CITY OF TSHWANE METROPOLITAN MUNICIPALITY
(A municipality as described in section 2 of the Local Government Municipal Systems Act, 2000, duly established in terms of Notice No. 6770, promulgated in
the Provincial Gazette Extraordinary of 1 October 2000 in terms of section 12(1) read with section 14(2) of the Local Government : Municipal Structures Act,
1998, as amended)
(Issuer code: CTMM)
(“City of Tshwane” or the “Issuer”)
AVAILABILITY OF THE ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2019
Further to the announcement released on the 3rd of February 2020, noteholders are advised that City of Tshwane is still delayed in releasing their annual
financial statements due to delays with the Auditor General.
The Auditor General was unable to finalize the audit report by 29th of November 2019 due to the finalization of the internal processes necessitated by the Public
Audit Act Amendment.
The City has in engagements with the AGSA confirmed that the audit process has been finalized; in fact, the audit report of the City as a stand-alone entity has
been signed off and will be made available to the City no later than Monday 23 March 2020. Therefore, the City anticipates the consolidated report to be made
available early in the week of 27 March 2020.
Johannesburg
20 March 2020
Debt Sponsor
Absa Bank Limited (acting through its Corporate and Investment Bank division)
Date: 20-03-2020 01:59:00
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