CITY OF CAPE TOWN METROPOLITAN MUNICIPALITY - City of Cape Town - Notice of Availability of Integrated Annual Report - BICITY

City of Cape Town - Notice of Availability of Integrated Annual Report - BICITY

THE CITY OF CAPE TOWN METROPOLITAN MUNICIPALITY
(A Municipality in terms of Section 155 of the Constitution of the Republic of South Africa, duly
established by notice in the Provincial Notice 479/2000 dated 22nd September 2000, of the Western
Cape, pursuant to Section 12(1) and Section 14(2) of the Local Government: Municipal Structures Act,
1998 (Act 117 of 1998) as amended)
JSE alpha code: BICITY
("CCT" or the "Municipality")

NOTICE OF AVAILABILITY OF INTEGRATED ANNUAL REPORT

CCT hereby notifies its debt investors that it has publicly released its Integrated Annual Report for the
year ended 30 June 2024 ("Annual Report"), incorporating the consolidated annual financial
statements ("AFS"), and that the auditor's report ("Auditor's Report") prepared by the Auditor-General
of South Africa ("AGSA") is unqualified, and there were no restatements of the previous year's annual
financial statements.

The Auditor's Report contains emphasis of matters relating to the following:

•   The Municipality provided material impairment of receivables from exchange transactions of R5,48
    billion (2022-23: R5,19 billion) and non-exchange transactions of R4 billion (2022-23: R3,67 billion);
    and

•   material electricity losses of R915 million (2022-23: R768 million) was incurred, which represents
    11% (2022-23: 11,46%) of total electricity purchased.

The AGSA's audit opinion has not been modified as a result of the emphasis of matters and full details
are set out in the Auditor's Report forming part of the Integrated Annual Report.

The Integrated Annual Report, containing the consolidated annual financial statements, is available on
the Municipality's website at https://www.capetown.gov.za/local%20and%20communities/meet-the-
city/city-reports/annual-reports and for inspection at the registered office of CCT at 12 Hertzog
Boulevard, Cape Town, 8001, upon request.

Cape Town
30 January 2025

Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 30-01-2025 03:42:00
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