Big Five Hlabisa was established on 3 August 2016 through the amalgamation of Hlabisa and The Big 5 False Bay.
Mayor/Executive Mayor
  • Cllr Velenkosini Fiki Hlabisa
Municipal Manager
  • Dr Vusumuzi J Mthembu
Deputy Mayor/Executive Mayor
  • Cllr Hlengiwe T Nkosi
Chief Financial Officer
  • Mr Khulekani Wesley Grant Thusi

Contact Details last updated: March 2017

Financial Performance

Audit outcomes

Big Five Hlabisa was established on 3 August 2016. Annual financial performance indicators will only be available after the end of the July 2014 - June 2015 financial year. Until then, you can explore the historical performance of Hlabisa and The Big 5 False Bay, which became part of Big Five Hlabisa.

Cash Balance July 2015 - June 2016

Big Five Hlabisa was established on 3 August 2016. Annual financial performance indicators will only be available after the end of the July 2014 - June 2015 financial year. Until then, you can explore the historical performance of Hlabisa and The Big 5 False Bay, which became part of Big Five Hlabisa.

Cash Coverage July 2015 - June 2016

Big Five Hlabisa was established on 3 August 2016. Annual financial performance indicators will only be available after the end of the July 2014 - June 2015 financial year. Until then, you can explore the historical performance of Hlabisa and The Big 5 False Bay, which became part of Big Five Hlabisa.

Spending of Operating Budget July 2015 - June 2016

Big Five Hlabisa was established on 3 August 2016. Annual financial performance indicators will only be available after the end of the July 2014 - June 2015 financial year. Until then, you can explore the historical performance of Hlabisa and The Big 5 False Bay, which became part of Big Five Hlabisa.

Spending of Capital Budget July 2015 - June 2016

Big Five Hlabisa was established on 3 August 2016. Annual financial performance indicators will only be available after the end of the July 2014 - June 2015 financial year. Until then, you can explore the historical performance of Hlabisa and The Big 5 False Bay, which became part of Big Five Hlabisa.

Spending on Repairs and Maintenance July 2015 - June 2016

Big Five Hlabisa was established on 3 August 2016. Annual financial performance indicators will only be available after the end of the July 2014 - June 2015 financial year. Until then, you can explore the historical performance of Hlabisa and The Big 5 False Bay, which became part of Big Five Hlabisa.

Fruitless and Wasteful Expenditure July 2013 - June 2014

Big Five Hlabisa was established on 3 August 2016. Annual financial performance indicators will only be available after the end of the July 2014 - June 2015 financial year. Until then, you can explore the historical performance of Hlabisa and The Big 5 False Bay, which became part of Big Five Hlabisa.

Current Ratio July 2016 - June 2017 Quarter 2

2.26
The value of a municipality's short-term assets as a multiple of its short-term liabilities.
good More than 1.5
average Between 1 and 1.5
bad Less than 1
Did you know?

The current ratio compares the value of a municipality's short-term assets (cash, bank deposits, etc) compared with its short-term liabilities (creditors, loans due and so on). The higher the ratio, the better. The normal range of the current ratio is 1.5 to 2 (the municipality has assets more than 1.5 to 2 times its current debts). Anything less than that and the municipality may struggle to keep up with its payments.

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Reference: Circular 71
Formula:

Note: The quarterly summary looks at the state at the end of each quarter. If the monthly data is missing for the last month in the quarter, the previous month in that quarter. If all months are missing, that quarter is shown as blank.

Liquidity Ratio July 2016 - June 2017 Quarter 2

0.7
The municipality's immediate ability to pay its current liabilities
good More than 1
bad Less than 1
Did you know?

Liquidity ratios show the ability of a municipality to pay its current liabilities (monies it owes immediately such as rent and salaries) as they become due, and their long-term liabilities (such as loans) as they become current.

These ratios also show the level of cash the municipality has and / or the ability it has to turn other assets into cash to pay off liabilities and other current obligations.

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Formula:

Note: The quarterly summary looks at the state at the end of each quarter. If the monthly data is missing for the last month in the quarter, the previous month in that quarter. If all months are missing, that quarter is shown as blank.

Current Debtors Collection Rate July 2016 - June 2017 Quarter 2

72.85%
The percentage of new revenue (generated within the financial year) that a municipality actually collects
good 95% or more
bad Less than 95%
Did you know?

Municipalities don't manage to collect all of the money they earn through rates and service charges. This measure looks at the percentage of new revenue that a municipality collects. It is also referred to as the Current Debtors Collection Ratio.

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Formula:

Note: The quarterly summary looks at the state at the end of each quarter. If the monthly data is missing for the last month in the quarter, the previous month in that quarter. If all months are missing, that quarter is shown as blank.

Income

Where does Big Five Hlabisa get its money from?

Big Five Hlabisa was established on 3 August 2016. Annual financial performance indicators will only be available after the end of the July 2014 - June 2015 financial year. Until then, you can explore the historical performance of Hlabisa and The Big 5 False Bay, which became part of Big Five Hlabisa.

Where money comes from

Big Five Hlabisa was established on 3 August 2016. Annual financial performance indicators will only be available after the end of the July 2014 - June 2015 financial year. Until then, you can explore the historical performance of Hlabisa and The Big 5 False Bay, which became part of Big Five Hlabisa.

Spending - How money is spent

Staff Wages and Salaries July 2015 - June 2016

Big Five Hlabisa was established on 3 August 2016. Annual financial performance indicators will only be available after the end of the July 2014 - June 2015 financial year. Until then, you can explore the historical performance of Hlabisa and The Big 5 False Bay, which became part of Big Five Hlabisa.

Contractor Services July 2015 - June 2016

Big Five Hlabisa was established on 3 August 2016. Annual financial performance indicators will only be available after the end of the July 2014 - June 2015 financial year. Until then, you can explore the historical performance of Hlabisa and The Big 5 False Bay, which became part of Big Five Hlabisa.

What is Money Spent On?

Big Five Hlabisa was established on 3 August 2016. Annual financial performance indicators will only be available after the end of the July 2014 - June 2015 financial year. Until then, you can explore the historical performance of Hlabisa and The Big 5 False Bay, which became part of Big Five Hlabisa.

Resources

Understanding Municipal Finance


Financial Reports

Read more about Local Government Finances and learn about how your money is spent.

Further Reading

Resources from the South African and international community.

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