Johannesburg Member of the Mayoral Committee (MMC) for Finance Councillor Geoffrey Makhubo’s role in overseeing the City’s multibillion rand annual budget and his financial expertise have landed him a leadership position in Metropolis, an association of more than 130 of the world’s largest cities and urban centres.
Established in 1985, Metropolis is an international forum aimed at tackling challenges of common concern and interest among big cities and metropolitan regions such as urban governance, urban development, urbanisation, access to services, social inclusion, social cohesion, unemployment as well as youth and gender issues.
MMC Makhubo was elected Second Vice-President of the Metropolis Global Funds for Cities’ Development (FMDV), a constitutive assembly, at the global association’s 11th Annual World Congress in Hyderabad, India, in October 2014.
This is the same congress where Johannesburg Executive Mayor Mpho Parks Tau was elected Co-President of the association. “I must say that I am honoured, humbled and privileged to be part of such an international organisation,” says MMC Makhubo. MMC Makhubo is confident that, with the support of the City, he will be able to discharge his FMDV responsibilities and duties to the best of his ability.
“My main task is to assist cities faced with critical service delivery needs by creating alternative sources of funding for them and building bankable projects,” he says.
The MMC further says limited funds in many cities around the world create a gap between supply and demand.
“Now, that’s where I have to represent the City. We are working with neighbouring cities within the region and the continent to set up an investment grade fund,” says MMC Makhubo, who oversees a R47 billion budget in the City of Johannesburg, the biggest in South Africa’s local government sphere.
Although he will be serving the FMDV for only three years, the MMC says he has a lot to offer. This includes promoting ideas on the sustainability of cities and the rollout of infrastructure. “People need to know that I am not going to be dealing with this huge task alone. I am also confident that my role in the FMDV will not in any way affect my work as MMC Finance in the City of Joburg. If anything, it will enhance it immensely,” says MMC Makhubo.
His interest in the financial field goes back to the early 1990s, when he developed funding models for rural communities in Limpopo and Eastern Cape.
MMC Makhubo, who has a B Comm degree from Wits University, has also studied at the Gordon Institute of Business Science, where he focused on finance and accounting, strategic planning, business process re-engineering, to name a few.
He also has skills in business analysis, risk management and auditing, financial and feasibility analysis and financial modelling.
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