SARS 2026/2027LIVERepo Rate7.50%Prime Rate11.50%USD/ZAR~18.40VAT Rate15%UIF CeilingR17,712Tax ThresholdR99,000SARS 2026/2027LIVERepo Rate7.50%Prime Rate11.50%USD/ZAR~18.40VAT Rate15%UIF CeilingR17,712Tax ThresholdR99,000
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KwaZulu-Natal · metro municipality · AGSA 2022/23

eThekwini (Durban)

Qualified with FindingsFinancially Distressed

eThekwini (Durban) in KwaZulu-Natal received a Qualified audit opinion from the Auditor-General for 2022/23, meaning the AGSA found material misstatements in specific areas of its financial statements. Its finances are classed as distressed (Financially Distressed).

AGSA 2022/23 record

Audit outcomeQualified with Findings
Financial statusFinancially Distressed
CategoryMetro municipality
ProvinceKwaZulu-Natal
Population served3 720 000
Debt-to-revenue ratioNot available
Eskom arrearsNot available
Water board arrearsNot available

AGSA notes

Qualified audit. Significant infrastructure damage from 2022 floods. Revenue collection challenges.

Source — AGSA MFMA 2022/23

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Other municipalities in KwaZulu-Natal

Msunduzi (Pietermaritzburg)Qualified with FindingsRay Nkonyeni (Margate)Unqualified with FindingsNquthuQualified with Findings
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Coverage: This tracker currently covers 26 of South Africa's 257 municipalities, based on verified AGSA and Treasury records. We do not publish estimated or unverified data for municipalities outside this set. Full national data is at mfma-2024.agsareports.co.za.