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City of Cape Town-Annual Financial Statements
THE CITY OF CAPE TOWN METROPOLITAN MUNICIPALITY
(A Municipality in terms of Section 155 of the Constitution of the Republic of South Africa, duly
established by notice in the Provincial Notice 479/2000 dated 22nd September 2000, of the Western
Cape, pursuant to Section 12(1) and Section 14(2) of the Local Government: Municipal Structures Act,
1998 (Act 117 of 1998) as amended)
JSE alpha code: BICITY
("CCT" or the "Municipality")
NOTICE OF AVAILABILITY OF INTEGRATED ANNUAL REPORT
CCT hereby notifies its noteholders that it has publicly released its Integrated Annual Report for the
year ended 30 June 2025 ("Annual Report"), incorporating the consolidated annual financial
statements ("AFS"), and that the auditor's report ("Auditor's Report") prepared by the Auditor-General
of South Africa ("AGSA") is unqualified.
With regard to the emphasis of matter paragraphs, in terms of the audit report, the following were listed:
Material Impairments:
Per note 9 of the AFS, the municipality provided impairment of receivables from exchange transactions
of R4,73 billion (2023-24: R5,48 billion) and non-exchange transactions of R3,72 billion (2023-24: R4,00
billion).
Material Losses:
Per note 41.3.2.3 of the AFS, material electricity losses of R1,06 billion (2023-24: R915.54 million) was
incurred, which represents 11,23% (2023-24: 11,00%) of total electricity purchased.
Subsequent Events:
Per note 40 of the AFS, the municipality obtained a significant amount of external funding. The detail of
the transaction is further described in the disclosure note. The matter was treated as a non-adjusting
subsequent event.
The Integrated Annual Report, containing the consolidated annual financial statements, is available on
the Municipality's website at https://www.capetown.gov.za/local%20and%20communities/meet-the-
city/city-reports/annual-reports and for inspection at the registered office of CCT at 12 Hertzog
Boulevard, Cape Town, 8001, upon request.
Cape Town
31 March 2026
Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 31-03-2026 05:22:00
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