Directorates

Directorates
Treasury office This unit is responsible for managing centralised treasury functions. It acts as the City's central banker, managing the primary bank accounts, borrowings, investments and financial risk management for the City and its entities. It is also responsible for managing and co-ordinating financial planning and monitoring and reporting on expenditure trends and activities as well as for improving compliance with legislative requirements. Four units fall under the treasury office and these are: Investor Relations Risk Operations Dealing Valuations The valuations unit is responsible for the development and implementation of the City's general and supplementary valuation rolls, in terms of relevant legislation. Property rates are based on the market value of a property - the value of the land and all improvements - as stipulated by the Municipal Property Rates Act (MPRA). For more information about how the City values each rateable property and calculates the rates, read here. Key information on rates Property Rates Policy Rates policy Proposed changes to rates policy Review of the rates policy Public meetings on rates information Rates and taxes Rates and taxes is responsible for developing and reviewing Johannesburg’s Rates Policy and for ensuring effective billing of rates; compliance with the MFMA; and overseeing the application, monitoring, and evaluation and maintenance of uniform standards across the revenue value chain workstreams. All property owners – both those who own freehold properties and sectional title holders – must pay property rates. Read here for more information on rates. Group financial accounting The directorate enables an effective environment to ensure compliance with acceptable financial and accounting practices; to ensure that the City maintains an effective, efficient and transparent financial and risk management and internal control systems; to provide financial administration functions; and to provide group financial reporting. Budget office The budget office endeavours to develop a budget that is in line with Johannesburg’s developmental needs and the challenges it needs to address. It manages and co-ordinates financial planning and monitors expenditure. It also looks at and reports on expenditure trends and improves compliance through legislative requirements. Supply chain management Supply chain influences the way the City uses its resources to achieve its objectives. The unit ensures that goods and services are procured and, where necessary, disposed of in a fair, equitable, transparent, competitive and cost-effective manner. Shareholder unit The shareholder unit’s mandate is to monitor the governance of the municipal-owned entities with a view to maximise shareholder value in the interest of the Joburg community. This is done through the maintenance and development of infrastructure while financial viability and sustainability is optimised through the use of assets. It focuses on financial evaluation and monitoring, governance, strategy formulation, business planning, stakeholder management, stakeholder value optimisation and other related portfolio management services of the MOEs.
Directorates

Treasury office

This unit is responsible for managing centralised treasury functions. It acts as the City's central banker, managing the primary bank accounts, borrowings, investments and financial risk management for the City and its entities. It is also responsible for managing and co-ordinating financial planning and monitoring and reporting on expenditure trends and activities as well as for improving compliance with legislative requirements.

Four units fall under the treasury office and these are:

Investor Relations
Risk
Operations
Dealing
Valuations

The valuations unit is responsible for the development and implementation of the City's general and supplementary valuation rolls, in terms of relevant legislation.

Property rates are based on the market value of a property - the value of the land and all improvements - as stipulated by the Municipal Property Rates Act (MPRA). For more information about how the City values each rateable property and calculates the rates, read here.

Key information on rates
Property Rates Policy
Rates policy
Proposed changes to rates policy
Review of the rates policy
Public meetings on rates information

Rates and taxes

Rates and taxes is responsible for developing and reviewing Johannesburg’s Rates Policy and for ensuring effective billing of rates; compliance with the MFMA; and overseeing the application, monitoring, and evaluation and maintenance of uniform standards across the revenue value chain workstreams.

All property owners – both those who own freehold properties and sectional title holders – must pay property rates. Read here for more information on rates.

Group financial accounting

The directorate enables an effective environment to ensure compliance with acceptable financial and accounting practices; to ensure that the City maintains an effective, efficient and transparent financial and risk management and internal control systems; to provide financial administration functions; and to provide group financial reporting.

Budget office

The budget office endeavours to develop a budget that is in line with Johannesburg’s developmental needs and the challenges it needs to address. It manages and co-ordinates financial planning and monitors expenditure. It also looks at and reports on expenditure trends and improves compliance through legislative requirements.

Supply chain management

Supply chain influences the way the City uses its resources to achieve its objectives. The unit ensures that goods and services are procured and, where necessary, disposed of in a fair, equitable, transparent, competitive and cost-effective manner.

Shareholder unit

The shareholder unit’s mandate is to monitor the governance of the municipal-owned entities with a view to maximise shareholder value in the interest of the Joburg community.

This is done through the maintenance and development of infrastructure while financial viability and sustainability is optimised through the use of assets. It focuses on financial evaluation and monitoring, governance, strategy formulation, business planning, stakeholder management, stakeholder value optimisation and other related portfolio management services of the MOEs.

Directorates