221 Murchison Street

Lister Clarence Building, Ladysmith

Overview - Budget & Treasury

Municipal Mandate

The Budget and Treasury Department is responsible for managing the Municipal accounting function and cash flow, making investments, raising external finance through bond issues (or servicing existing loans), conducting its banking transactions, and safeguarding its assets and liabilities.

We also facilitate the Municipal annual credit rating, manage the Finance portfolio and ensure compliance with relevant legislation guided by National and Provincial Treasury.

The Responsibility of Chief Finance Officer

The Alfred Duma Local Municipality Budget and Treasury Department is managed by Mr M Hloba as the CFO.

The responsibility of the CFO is to strategically direct and manage the provision of financial management support services to the Municipality including: