Group Finance Cluster Overview
The finance department is the engine providing strategic financial leadership to the City of Johannesburg. It co-ordinates the City’s efforts through the formulation and enforcement of policies, rules and regulations to bring about sustained financial health and good governance, and the provision of appropriate, equitable and affordable services to residents.
The department’s guiding principles are:
• Professionalism and observing protocol requisites;
• Accountability and discipline;
• Innovation – nothing is considered impossible; and
• Team spirit and teamwork.
Monitoring and maintenance of ethical governance is done in conjunction with relevant stakeholders.
The department also helps to co-ordinate and integrate cross-functional portfolios. It is responsible for the development of financial frameworks for the City’s 14 municipal-owned entities, which are owned and controlled by the council. It acts as the intermediary between the municipal-owned entities and the City’s core administration, and ensures the municipal-owned entities’ compliance with various legislative and government regulations, including the Municipal Finance Management Act (MFMA).
The department falls under the member of the mayoral committee responsible for finance, MMC Cllr Margaret Arnolds.
