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The public is invited to attend as City-owned companies – from Pikitup to the Joburg Zoo – present this year’s successes, challenges and their plans for the future.

The City’s municipal owned entities (MOEs) will meet to take stock of their performance during the past financial year on 25 January at the Metro Centre in Braamfontein.

The meeting will be used to review the performance of the 15 MOEs, which are City-owned companies, during the 2009/2010 financial year.

The MOEs are Metrobus, Johannesburg Roads Agency, Joburg Theatre Complex, Roodepoort Theatre, City Parks, Johannesburg Zoo, Johannesburg Social Housing Company, Johannesburg Development Agency, Joburg Market, Johannesburg Property Company, Johannesburg Tourism Company, Metro Trading Company, City Power, Joburg Water and Pikitup.
 
During last year’s annual general meeting to review MOEs’ performance during the 2008/2009 financial year, Executive Mayor Amos Masondo said he was satisfied with the performance of entities after the all the 15 MOEs received unqualified audit reports. In addition, as a whole the City received an unqualified audit report for the third consecutive year.

Comparing the audits for the 2007/08 and 2008/09 financial years, Siyakhula Vilakazi, from the Auditor-General's Office, said there had been significant improvements in the City's audit report in the latter financial year.

As in the previous year, each MOE is expected to present their previous year’s successes, challenges and the way forward to the public, politicians and City officials.

For the 2009/10 financial year, the FIFA World Cup is expected to have had a strong impact on the successes of the different entities after the country hosted a successful tournament.

At the last annual general meeting Masondo had said that residents would enjoy quality infrastructure as a legacy World Cup.  As part of this legacy, the City managed to plant 200 000 trees, green 101 soccer fields and is in the process of building a new theatre in Soweto.

The annual general meeting will start at 8am at the Metropolitan Centre, 158 Loveday Street, Braamfontein.

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