Governance & Finance
Graded institution: City of Johannesburg · AGSA audits annually; National Treasury publishes quarterly S71 data.
Peer rank: 3rd of 8 · Mixed performance
AGSA audit opinion (CoJ)
Auditor-General's audit opinion for the City of Johannesburg. Scored: unqualified=100, unqual w/ findings=80, qualified=55, adverse=25, disclaimed=0.
AGSA audit opinion (CoJ) — latest 79.1 score (as of 2025)
Data table
| Period | Value (score) |
|---|---|
| 2020 | 56.2 |
| 2021 | 61.9 |
| 2022 | 65.1 |
| 2023 | 69.9 |
| 2024 | 76.6 |
| 2025 | 79.1 |
Unauthorised/irregular/fruitless expenditure (R bn)
Total UIFW expenditure per AGSA. Lower is better.
Unauthorised/irregular/fruitless expenditure (R bn) — latest 1.7 R bn (as of 2025)
Data table
| Period | Value (R bn) |
|---|---|
| 2020 | 5.1 |
| 2021 | 4.3 |
| 2022 | 2.9 |
| 2023 | 2.6 |
| 2024 | 3.7 |
| 2025 | 1.7 |
Cash coverage (months)
Cash and equivalents divided by monthly operating expenditure.
Cash coverage (months) — latest 1.3 months (as of 2026-Q1)
Data table
| Period | Value (months) |
|---|---|
| 2021-Q2 | 0.2 |
| 2021-Q3 | 0.9 |
| 2021-Q4 | 1.3 |
| 2022-Q1 | 1.7 |
| 2022-Q2 | 0 |
| 2022-Q3 | 1.4 |
| 2022-Q4 | 1.5 |
| 2023-Q1 | 0.4 |
| 2023-Q2 | 1.2 |
| 2023-Q3 | 0.4 |
| 2023-Q4 | 0.9 |
| 2024-Q1 | 1.3 |
| 2024-Q2 | 1.4 |
| 2024-Q3 | 0.3 |
| 2024-Q4 | 0.6 |
| 2025-Q1 | 1.1 |
| 2025-Q2 | 1.5 |
| 2025-Q3 | 2 |
| 2025-Q4 | 0.6 |
| 2026-Q1 | 1.3 |
Credit rating (Moody's scale, mapped)
Moody's rating mapped to 0–100. Ba3=45, Ba2=55, Ba1=65, Baa3=72, positive outlook adds 3.
Credit rating (Moody's scale, mapped) — latest 46.8 score (as of 2025)
Data table
| Period | Value (score) |
|---|---|
| 2020 | 36.7 |
| 2021 | 38.8 |
| 2022 | 41.7 |
| 2023 | 43.7 |
| 2024 | 47.2 |
| 2025 | 46.8 |
% SDBIP targets achieved
Share of Service Delivery & Budget Implementation Plan targets achieved (self-reported, cross-checked against AGSA performance findings).
% SDBIP targets achieved — latest 66.8 % (as of 2025)
Data table
| Period | Value (%) |
|---|---|
| 2020 | 56.7 |
| 2021 | 60.3 |
| 2022 | 60 |
| 2023 | 62.9 |
| 2024 | 65.4 |
| 2025 | 66.8 |
What would move this grade
Rubric thresholds vs the latest published value. Generated from the indicator registry — never hand-written.
- AGSA audit opinion (CoJ): target Unqualified, no findings · currently 79.1 score
- Unauthorised/irregular/fruitless expenditure (R bn): target < R0.2 bn · currently 1.7 R bn
- Cash coverage (months): target ≥ 3 months · currently 1.3 months
- Credit rating (Moody's scale, mapped): target Investment grade · currently 46.8 score
- % SDBIP targets achieved: target ≥ 85% · currently 66.8 %
The City of Johannesburg responds
The City welcomes the upgrade in audit outcome to unqualified-with-findings (2024/25), the first improvement in five audit cycles, and notes Moody's April 2026 affirmation of the Ba3 rating with a positive outlook. UIFW expenditure has reduced from R4.8 billion to R2.1 billion over the reporting window. The City reiterates its commitment to a further reduction through the Consequence Management Framework adopted by Council in February 2026.
AGSA audits annually; National Treasury publishes quarterly S71 data.